Refer to the information provided in Figure 7.4 below to answer the question(s) that follow. Figure 7.4
-Refer to Figure 7.4. The marginal product of the fourth worker is
A) 8.
B) 12.5.
C) 48.
D) 92.

Question

Refer to the information provided in Figure 7.4 below to answer the question(s) that follow.  Figure 7.4
-Refer to Figure 7.4. The marginal product of the fourth worker is
A) 8. 
B) 12.5. 
C) 48. 
D) 92.

Quizplus · Accepted Answer

The marginal product of the fourth worker is calculated by subtracting the total product of the third worker from the total product of the fourth worker. If the total product of the third worker is 84 and the total product of the fourth worker is 92, then the marginal product of the fourth worker is 92 - 84 = 8.

Refer to the Information Provided in Figure 7