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Refer to the table below, the marginal product of the 3rd worker is: a
Refer to the table below, the marginal product of the 3rd worker is:
a. 4
b. 22
c. 5
d. 12
| Quantity of workers | Total Product | Average product | Marginal product |
| 0 | 0 | ||
| 1 | 3 | ||
| 2 | 7 | ||
| 3 | 12 | ||
| 4 | 16 | ||
| 5 | 18 | ||
| 6 | 18 |
Expert Solution
The correct answer to the given question is option c. 5.
The marginal product for the 3rd worker is given by:
=Total product for 3 workers - total product for 2 workers
=12−7
=5
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