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abor Total Product Marginal Product 1 2 2 2 6 A 3 B 6 4 16 4 5 18 C 6 D 0

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 6P

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Question

Table 7.5

Labor	Total Product	Marginal Product
1	2	2
2	6	A
3	B	6
4	16	4
5	18	C
6	D	0

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?

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