Assume the total product of three workers is 120 and the total product of four workers is 160. The average product of four workers is ________, and the marginal product of the fourth worker is ________.
A) 10; 40
B) 30; 10
C) 40; 40
D) 160; 40

Question

Quizplus · Accepted Answer

The average product of four workers is calculated by dividing the total product by the number of workers, which is 160/4 = 40. The marginal product of the fourth worker is the additional output from adding the fourth worker, calculated by subtracting the total product of three workers from the total product of four workers, which is 160 - 120 = 40.

Assume the Total Product of Three Workers Is 120 and the Total