Figure 11-1

-Refer to Figure 11-1.The marginal product of the 3rd worker is

Name: Figure 11-1 -Refer to Figure 11-1.The marginal product of the 3rd worker is
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Question

Figure 11-1
 
-Refer to Figure 11-1.The marginal product of the 3rd worker is

Quizplus · Accepted Answer

The marginal product of the 3rd worker is the additional output produced by hiring the 3rd worker. If the total output with 2 workers is X and with 3 workers is Y, then the marginal product is Y - X. Based on the given options, 15 is the correct marginal product for the 3rd worker.

Figure 11-1 -Refer to Figure 11-1.The Marginal Product of the 3rd Worker