Table 5.1
-Refer to Table 5.1, which gives a firm's production function. Assume that all non-labor inputs are fixed. The marginal product of the fourth worker is
A) 12 units.
B) 11 units.
C) 5 units.
D) 0 units.

Question

Table 5.1
-Refer to Table 5.1, which gives a firm's production function. Assume that all non-labor inputs are fixed. The marginal product of the fourth worker is
A) 12 units. 
B) 11 units. 
C) 5 units. 
D) 0 units.

Quizplus · Accepted Answer

The marginal product of labor is the additional output that results from one additional unit of labor. From the table, the marginal product of the first, second, third, and fourth workers are 18, 16, 13, and 11 units respectively. Therefore, the marginal product of the fourth worker is 11 units.

Table 5.1 -Refer to Table 5.1, Which Gives a Firm's Production Function