19 17 15 54 14 7 I 1 1 II II Total output

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Output
(units per day)
19
17
15
54
14
7
2
1
1
1
I
1
F
1
I
1
1
I
I
1
I
1
1
1
1
1
T
II
II
LI
I
1
1
1
1
1
F
2
1
1
I
T
1
3
4
Labor Input
(workers per day)
5
Total
output
The marginal product of the sixth unit of labor in the figure above is:
A. 4.0
B. -4.0
C. 15.0
D. 2.5
E. NONE OF THE ABOVE
Transcribed Image Text:Output (units per day) 19 17 15 54 14 7 2 1 1 1 I 1 F 1 I 1 1 I I 1 I 1 1 1 1 1 T II II LI I 1 1 1 1 1 F 2 1 1 I T 1 3 4 Labor Input (workers per day) 5 Total output The marginal product of the sixth unit of labor in the figure above is: A. 4.0 B. -4.0 C. 15.0 D. 2.5 E. NONE OF THE ABOVE
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