-Refer to the above table. What does the marginal product equal when the quantity of labor goes from 1 to 2?
A) 46
B) 23
C) 26
D) 92

Name: -Refer to the above table. What does the marginal product equal when the quantity of labor goes from 1 to 2? A) 46 B) 23 C) 26 D) 92
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Question

-Refer to the above table. What does the marginal product equal when the quantity of labor goes from 1 to 2?
A) 46 
B) 23 
C) 26 
D) 92

Quizplus · Accepted Answer

The marginal product is the increase in output resulting from a one-unit increase in the quantity of labor, calculated as the difference in total output when the quantity of labor increases from 1 to 2.

-Refer to the Above Table