Table 13-5
-Refer to Table 13-5. The marginal product of the third worker is
A)9,000 units.
B)8,000 units.
C)7,000 units.
D)5,000 units.

Question

Table 13-5 
-Refer to Table 13-5. The marginal product of the third worker is
A)9,000 units. 
B)8,000 units. 
C)7,000 units. 
D)5,000 units.

Quizplus · Accepted Answer

The marginal product of the third worker can be found by calculating the difference in output between hiring two workers and hiring three workers. That is, MP3 = Q3 - Q2 = 24,000 - 16,000 = 8,000 units. Therefore, the best choice is B.

Table 13-5 -Refer to Table 13-5. the Marginal Product of the Third