Number of workers (per hour) total output(per hour) marginal physical product (output per worker) total revenue(dollars per hour) marginal revenue product (output per worker)

1 4 ...... ______ ........

2 10 ______ ______ ______

3 15 ______ ______ ______

4 19 ______ ______ ______

5 22 ______ ______ ______

Table $30.1$ Assume that the product price is $4 per unit and that the hourly wage for workers is $12.Neither price nor wage changes with output.In Table 30.1, the marginal physical product of the third worker hired is A) 15 units per hour. B) 4 units per hour. C) 3 units per hour. D) 5 units per hour.

Question

Number of workers (per hour)	total output(per hour)	marginal physical product (output per worker)	total revenue(dollars per hour)	marginal revenue product (output per worker)
1	4	......	______	........
2	10	______	______	______
3	15	______	______	______
4	19	______	______	______
5	22	______	______	______

Table $30.1$ Assume that the product price is $4 per unit and that the hourly wage for workers is $12.Neither price nor wage changes with output.In Table 30.1, the marginal physical product of the third worker hired is A) 15 units per hour. B) 4 units per hour. C) 3 units per hour. D) 5 units per hour.

Quizplus · Accepted Answer

The marginal physical product (MPP) of the third worker is calculated by subtracting the total output before the third worker was hired (10 units) from the total output after the third worker was hired (15 units). This results in a MPP of 5 units per hour for the third worker.