Table 7.5

$$\begin{array} { | c | c | c | }
\hline \text { Labor } & \text { Total Froduct } & \text { Marginal Product } \
\hline 1 & 2 & 2 \
\hline 2 & 6 & \mathrm {~A} \
\hline 3 & \mathrm {~B} & 6 \
\hline 4 & 16 & 4 \
\hline 5 & 18 & \mathrm { C } \
\hline 6 & \mathrm { D } & 0 \
\hline
\end{array}$$
-Refer to Table 7.5,which shows labor,total product,and marginal product produced by a firm.What is the marginal product at Point C?
A)4
B)2
C)12
D)18
E)24

Question

Table 7.5
​
 $$\begin{array} { | c | c | c | } 
\hline \text { Labor } & \text { Total Froduct } & \text { Marginal Product } \
\hline 1 & 2 & 2 \
\hline 2 & 6 & \mathrm {~A} \
\hline 3 & \mathrm {~B} & 6 \
\hline 4 & 16 & 4 \
\hline 5 & 18 & \mathrm { C } \
\hline 6 & \mathrm { D } & 0 \
\hline
\end{array}$$
-Refer to Table 7.5,which shows labor,total product,and marginal product produced by a firm.What is the marginal product at Point C?
A)4
B)2
C)12
D)18
E)24

Quizplus · Accepted Answer

The marginal product at Point C is the increase in total product from adding the fifth unit of labor, which is calculated as 18 (total product with 5 units of labor) - 16 (total product with 4 units of labor) = 2.

Table 75 ​ -Refer to Table 7

Table 75
-Refer to Table 7