Assume the total product of two workers is 130 and the total product of three workers is 150. The average product of three workers is ________, and the marginal product of the third worker is ________.
A) 40; 10
B) 50; 20
C) 13.33; 6.67
D) 120; 100

Question

Quizplus · Accepted Answer

The average product of three workers is the total product divided by the number of workers, which is 150/3 = 50. The marginal product of the third worker is the increase in total product from adding the third worker, which is 150 - 130 = 20.

Assume the Total Product of Two Workers Is 130 and the Total