5. Given the data below on labor and output in the short run:

L Q

1 10

2 18

3 24

The marginal product of the second worker is:

Question

5. Given the data below on labor and output  in the short run:

L             Q

1              10

2              18

3              24

The marginal product of the second worker is:

BlackTom AI · Accepted Answer

To determine the marginal product of the second worker, we look at how total output changes when the labor input increases from 1 to 2 workers.

Option 1: 10. This value is the total output with one worker, not the additional output from adding the second worker.

Option 2: 18. This is the total output with two workers, not the incremental gain from adding the second worker.

Option 3: 24. This is the total output with three workers, not the incremental increase from the second worker.

Option 4: 8. This represents the change in output when moving from 1 worker to 2 workers: 18 − 10 = 8. This is exactly the marginal product of the second worker.

Therefore, the correct interpretation is that the marginal product of the second worker is 8, since it is the additional output produced by adding the second worker.

25FAL-ECO-8-48630 Quiz 7 [ DUE: SAT 10/18]

5. Given the data below on labor and output in the short run: L Q 1 10 2 18 3 24 The marginal product of the second worker is:

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