Table 13-1
-Refer to Table 13-1. What is total output when 3 workers are hired?
A)15
B)60
C)105
D)135

Question

Table 13-1 
-Refer to Table 13-1. What is total output when 3 workers are hired?
A)15 
B)60 
C)105 
D)135

Quizplus · Accepted Answer

When 3 workers are hired, the marginal product of the first worker is 10, the second worker is 25, and the third worker is 30, leading to a total output of 65. Hiring a fourth worker would result in a decrease in marginal product, therefore the best choice would be to only hire 3 workers for maximum output of 135.

Table 13-1 -Refer to Table 13-1. What Is Total Output When 3