-Using the above table, the average product and marginal product when 4 workers are employed are
A) 13 and 13, respectively.
B) 13 and 14, respectively.
C) 13 and 9, respectively.
D) 14 and 13, respectively.

Question

-Using the above table, the average product and marginal product when 4 workers are employed are
A) 13 and 13, respectively. 
B) 13 and 14, respectively. 
C) 13 and 9, respectively. 
D) 14 and 13, respectively.

Quizplus · Accepted Answer

Average product = Total product / Number of workers = 52 / 4 = 13Marginal product = Change in total product / Change in number of workers = (52 - 39) / (4 - 3) = 13

-Using the Above Table, the Average Product and Marginal Product