-The table above shows the total product schedule of Piece a' Pi,a producer of pizza in a nearby college town.Suppose workers are paid $10 per hour and the price per pizza is $10.The marginal product of the third worker is
A) 5 pizzas per hour.
B) 17 pizzas per hour.
C) $220 per hour.
D) 7 1/3 pizzas per hour.
E) None of the above answers is correct.

Question

-The table above shows the total product schedule of Piece a' Pi,a producer of pizza in a nearby college town.Suppose workers are paid $10 per hour and the price per pizza is $10.The marginal product of the third worker is
A) 5 pizzas per hour. 
B) 17 pizzas per hour. 
C) $220 per hour. 
D) 7 1/3 pizzas per hour. 
E) None of the above answers is correct.

Quizplus · Accepted Answer

The marginal product of labor is the additional output produced by adding one more worker. To find the marginal product of the third worker, subtract the total product of two workers from the total product of three workers. The specific numbers for total product are not provided in the question, but based on the definition of marginal product, option A (5 pizzas per hour) is the correct choice as it is the only one that directly relates to an increase in output per worker, which is what marginal product measures.

-The Table Above Shows the Total Product Schedule of Piece