Table 7.5

$$\begin{array} { | c | c | c | }
\hline \text { Labor } & \text { Total Froduct } & \text { Marginal Product } \
\hline 1 & 2 & 2 \
\hline 2 & 6 & \mathrm {~A} \
\hline 3 & \mathrm {~B} & 6 \
\hline 4 & 16 & 4 \
\hline 5 & 18 & \mathrm { C } \
\hline 6 & \mathrm { D } & 0 \
\hline
\end{array}$$
-Refer to Table 7.5,which shows labor,total product,and marginal product produced by a firm.What is the total product at Point D?
A)4
B)2
C)12
D)18
E)24

Question

Table 7.5
​
 $$\begin{array} { | c | c | c | } 
\hline \text { Labor } & \text { Total Froduct } & \text { Marginal Product } \
\hline 1 & 2 & 2 \
\hline 2 & 6 & \mathrm {~A} \
\hline 3 & \mathrm {~B} & 6 \
\hline 4 & 16 & 4 \
\hline 5 & 18 & \mathrm { C } \
\hline 6 & \mathrm { D } & 0 \
\hline
\end{array}$$
-Refer to Table 7.5,which shows labor,total product,and marginal product produced by a firm.What is the total product at Point D?
A)4
B)2
C)12
D)18
E)24

Quizplus · Accepted Answer

Looking at the table, we can see that the marginal product decreases after the fourth worker, indicating that the law of diminishing marginal returns has set in. Therefore, the total product at point D must be less than the total product at point 5. From the table, we know the total product at point 5 is 18. The only answer choice that is less than 18 is D,  which is the correct answer.

Table 75 ​ -Refer to Table 7

Table 75
-Refer to Table 7