Table 13-3

$$\begin{array} { | c | c | c | c | c | }
\hline \begin{array} { c }
\text { Labor } \
\text { (Number of workers) }
\end{array} & \begin{array} { c }
\text { Output } \
\text { (Units) }
\end{array} & \begin{array} { c }
\text { Fixed Cost } \
\text { (Dollars) }
\end{array} & \begin{array} { c }
\text { Variable Cost } \
\text { (Dollars) }
\end{array} & \begin{array} { c }
\text { Total Cost } \
\text { (Dollars) }
\end{array} \
\hline 0 & 0 & 50 & 0 & 50 \
\hline 1 & 90 & 50 & 20 & 70 \
\hline 2 & 170 & 50 & 40 & 90 \
\hline 3 & 230 & 50 & 60 & 110 \
\hline 4 & 240 & 50 & 80 & 130 \
\hline
\end{array}$$

-Refer to Table 13-3. The marginal product of the second worker is
A)90 units.
B)85 units.
C)80 units.
D)20 units.

Question

Table 13-3
​
​
 $$\begin{array} { | c | c | c | c | c | } 
\hline \begin{array} { c } 
\text { Labor } \
\text { (Number of workers) }
\end{array} & \begin{array} { c } 
\text { Output } \
\text { (Units) }
\end{array} & \begin{array} { c } 
\text { Fixed Cost } \
\text { (Dollars) }
\end{array} & \begin{array} { c } 
\text { Variable Cost } \
\text { (Dollars) }
\end{array} & \begin{array} { c } 
\text { Total Cost } \
\text { (Dollars) }
\end{array} \
\hline 0 & 0 & 50 & 0 & 50 \
\hline 1 & 90 & 50 & 20 & 70 \
\hline 2 & 170 & 50 & 40 & 90 \
\hline 3 & 230 & 50 & 60 & 110 \
\hline 4 & 240 & 50 & 80 & 130 \
\hline
\end{array}$$ ​
​
​
-Refer to Table 13-3. The marginal product of the second worker is
A)90 units.
B)85 units.
C)80 units.
D)20 units.

Quizplus · Accepted Answer

The marginal product of the second worker is the additional output produced when the second worker is hired. It is calculated as the change in output when the number of workers increases from 1 to 2, which is 170 - 90 = 80 units.

Table 13-3 ​ ​ ​ ​ ​ -Refer to Table 13-3

Table 13-3

-Refer to Table 13-3