Suppose that one worker can produce 15 cookies, two workers can produce 35 cookies together, and three workers can produce 65 cookies together. What is the marginal product of the 3rd worker?
A) 21.67 cookies
B) 65 cookies
C) 30 cookies
D) 35 cookies

Question

Quizplus · Accepted Answer

From the given information, we can calculate the marginal product of each worker as follows:
- Marginal product of the first worker = 15 cookies (given)
- Marginal product of the second worker = 20 cookies (35 - 15)
- Marginal product of the third worker = 30 cookies (65 - 35)

Therefore, the best choice is C, which is the marginal product of the 3rd worker, as it directly answers the given question.

Suppose That One Worker Can Produce 15 Cookies, Two Workers