Table 13-2

$$\begin{array} { | c | c | c | }
\hline \begin{array} { c }
\text { Labor } \
\text { (Number of workers) }
\end{array} & \begin{array} { c }
\text { Output } \
\text { (Units) }
\end{array} & \begin{array} { c }
\text { Marginal Product } \
\text { (Units) }
\end{array} \
\hline 0 & 0 & - \
\hline 1 & 300 & \
\hline 2 & 500 & \
\hline 3 & 600 & \
\hline 4 & 650 & \
\hline
\end{array}$$

-Refer to Table 13-2. What is the marginal product of the first worker?
A)300 units
B)200 units
C)100 units
D)50 units

Question

Table 13-2
​
​
 $$\begin{array} { | c | c | c | } 
\hline \begin{array} { c } 
\text { Labor } \
\text { (Number of workers) }
\end{array} & \begin{array} { c } 
\text { Output } \
\text { (Units) }
\end{array} & \begin{array} { c } 
\text { Marginal Product } \
\text { (Units) }
\end{array} \
\hline 0 & 0 & - \
\hline 1 & 300 & \
\hline 2 & 500 & \
\hline 3 & 600 & \
\hline 4 & 650 & \
\hline
\end{array}$$ ​
​
-Refer to Table 13-2. What is the marginal product of the first worker?
A)300 units
B)200 units
C)100 units
D)50 units

Quizplus · Accepted Answer

The marginal product of the first worker is the increase in output from hiring the first worker, which is 300 units (from 0 to 300 units).

Table 13-2 ​ ​ ​ ​ -Refer to Table 13-2

Table 13-2

-Refer to Table 13-2