Suppose that when a coal-mining firm hires one, two, three, four, and five workers, the corresponding total outputs are 10, 15, 19, 22, and 24 tons, respectively. The marginal product of the third worker is _____ tons.
A) 3
B) 4
C) 15
D) 19

Question

Quizplus · Accepted Answer

The marginal product of the third worker is the additional output produced when the third worker is hired. It is calculated by subtracting the total output with two workers from the total output with three workers: 19 - 15 = 4 tons.

Suppose That When a Coal-Mining Firm Hires One, Two, Three