Labor(workers)01234O 18O 20O 40TP(output)0O 2218406072TC$20$44Consider the above table. What is the marginal product of the 2nd worker?$60$84$104

The total product of labour is the sum of the prices of all the commodities and services generated…

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Consider the above table. What is the marginal product of the 2nd worker? O 18 O 20 O 40 O 22

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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Question

Labor
(workers)
0
1
2
3
4
O 18
O 20
O 40
TP
(output)
0
O 22
18
40
60
72
TC
$20
$44
Consider the above table. What is the marginal product of the 2nd worker?
$60
$84
$104

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