-Refer to Table 12-1. The marginal product of the fourth unit of labour is

Question

Quizplus · Accepted Answer

The marginal product of labour is calculated as the change in output resulting from a one-unit increase in labour input. The marginal product of the fourth unit of labour is 60, as it is the difference in output between producing 270 units with three units of labour and producing 330 units with four units of labour. None of the other answer choices are correct based on the information given in the question.