Assume the total product of two workers is 200 and the total product of three workers is 300. The three workers' average product is while the third worker's marginal product is .

A) 80; 40
B) 40; 80
C) 100; 100
D) 300; 200

Question

Assume the total product of two workers is 200 and the total product of three workers is 300. The three workers' average product is ________ while the third worker's marginal product is ________.

A) 80; 40
B) 40; 80
C) 100; 100
D) 300; 200

jaspreet sahni · Accepted Answer

Final Answer : C, Explanation :  The average product for three workers is the total product divided by the number of workers, which is 300/3 = 100. The marginal product of the third worker is the change in total product when the third worker is added, which is 300 - 200 = 100.

Assume the total product of two workers is 200 and the total product of three workers is 300. The three workers' average product is while the third worker's marginal product is .

A) 80; 40
B) 40; 80
C) 100; 100
D) 300; 200

Definitions

Learning Objectives

Learning Objectives

Related questions

Assume the total product of two workers is 200 and the total product of three workers is 300. The three workers' average product is ________ while the third worker's marginal product is ________.A) 80; 40B) 40; 80C) 100; 100D) 300; 200

Definitions

Learning Objectives

Learning Objectives

Related questions

Assume the total product of two workers is 200 and the total product of three workers is 300. The three workers' average product is while the third worker's marginal product is .

A) 80; 40
B) 40; 80
C) 100; 100
D) 300; 200