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Question
A firm has the following production relationship between labor and output, for a fixed capital stock.
| Labor | Output |
| 0 | 0 |
| 1 | 5 |
| 2 | 11 |
| 3 | 18 |
| 4 | 23 |
| 5 | 26 |
According to the above table, what is the marginal product of the 4th unit of labor?
A) 3
B) 5
C) 6
D) 7
Answer
This answer is hidden. It contains 1 characters.
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