Assume the total product of three workers is 120 and the total product of four workers...
Assume the total product of three workers is 120 and the total product of four workers is 160. The average product of four workers is ________, and the marginal product of the fourth worker is ________.
A) 10; 40
B) 30; 10
C) 40; 40
D) 160; 40
Homework Answers
Answer
average product of n workers =total product of n worker /
n
AP=TP/n
=160/4
=40 units
========
marginal product of n th worker =total output of n workers - total
output of n-1 workers
MP(n)=TP(n)-TP(n-1)
MP(4)=160-120=40 units
=====
the average product and marginal product is 40 units
Option C
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