In this table, the marginal product of the 2nd worker and the average product of the 5th worker respectively are
The correct answer is B. 22 and 19
Marginal product is the additional output produced by one more unit of a variable input, such as labour.
It is calculated by dividing the change in total output by the change in the variable input.
The average product is the output produced per variable input unit. It is calculated by dividing the total output by the variable input.
In the table, the marginal product of the 2nd worker can be calculated as the total output of the 2nd worker minus the total output of the 1st worker (46 - 24 = 22).
The average product of the 5th worker is calculated as the total output of the 5th worker divided by the number of workers (95 / 5 = 19).
So, Marginal Product of 2nd Worker: 22 and Average Product of 5th Worker: 19
Previous question Next question