The marginal products of the first, second, and third workers are 50, 34, and 22, respectively. If four workers can produce 116 units of output, then the marginal product of the fourth worker is

A) 10.
B) 12.
C) 22.
D) 116.

Question

Michael Vanderhyden · Accepted Answer

Final Answer : A, Explanation :  The marginal product of the fourth worker is calculated by subtracting the total output produced by the first three workers from the total output produced by all four workers. The total output from the first three workers is 50 + 34 + 22 = 106 units. Given that four workers produce 116 units, the marginal product of the fourth worker is 116 - 106 = 10 units.

The marginal products of the first, second, and third workers are 50, 34, and 22, respectively. If four workers can produce 116 units of output, then the marginal product of the fourth worker is

A) 10.
B) 12.
C) 22.
D) 116.

Definitions

Learning Objectives

Learning Objectives

Related questions

The marginal products of the first, second, and third workers are 50, 34, and 22, respectively. If four workers can produce 116 units of output, then the marginal product of the fourth worker isA) 10.B) 12.C) 22.D) 116.

Definitions

Learning Objectives

Learning Objectives

Related questions

The marginal products of the first, second, and third workers are 50, 34, and 22, respectively. If four workers can produce 116 units of output, then the marginal product of the fourth worker is

A) 10.
B) 12.
C) 22.
D) 116.