Question

Labor Output Marginal Product Variable Cost Fixed Cost 0 0 -- $0 $5 1 100 100 $5 2 250 $10 3 350 $15 4 50 $20 5 25 $25 6 430 $30 What is the marginal product of the second worker? Group of answer choices 200 units 250 units 50 units 150 units Not enough information given to determine marginal product.

Answer 1

Answer: The correct answer is 150 UNITS.

Explanation: The table is :

Labor / Output / Marginal Product / Variable Cost / Fixed Cost

0 0 -- $0 $5

1 100 100 $5

2 250 $10

3 350 $15

4 50 $20

5 25 $25

6 430 $30

And the Marginal product is it is the variation that the production of a good experiences when increasing a unit of a productive factor of the same, remaining the rest constant.

Therefore 250 - 100 = 150.