When labor changes from 3 to 4, the tota

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:

When labor changes from 3 to 4, the total product changes from 24 to 40, calculate the marginal product.

Options:

Correct Answer:

Explanation:

The correct answer is Option (3) → 16

MP = Change in Total Product / Change in Labor

Change in Total Product = 40 − 24 = 16
Change in Labor = 4 − 3 = 1

MP = 16 / 1 = 16