Labor (workers per day) Total product (units per day) Marginal product Average product 0 0 0 0 1 2 2 2 2 8 3 12 4 15 5 16 1 In the above table, the marginal product is greatest when the fourth worker is hired. first worker is hired. third worker is hired. second worker is hired.

Labor (workers per day) Total product (units per day) Marginal product Average product 0 0 0 0 1 2 2 2 2 8 3 12 4 15 5 16 1 In the above table, the marginal product is greatest when the fourth worker is hired. first worker is hired. third worker is hired. second worker is hired.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter30: The Labor Market

Section: Chapter Questions

Problem 14E

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Question

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Labor (workers per day)	Total product (units per day)	Marginal product	Average product
0	0	0	0
1	2	2	2
2	8
3	12
4	15
5	16	1

In the above table, the marginal product is greatest when the

	fourth worker is hired.
	first worker is hired.
	third worker is hired.
	second worker is hired.

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