Multiple Choice
Suppose that one worker can produce 15 cookies, two workers can produce 35 cookies together, and three workers can produce 65 cookies together. What is the marginal product of the 3rd worker?
A) 21.67 cookies
B) 65 cookies
C) 30 cookies
D) 35 cookies
Correct Answer:

Verified
Correct Answer:
Verified
Q28: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q146: The observation that beyond some point, successive
Q147: The locus of points representing the minimum
Q156: Which of the following is NOT correct?<br>A)
Q213: The addition to total costs associated with
Q274: A basic distinction between the long run
Q276: Average physical product is calculated by dividing
Q295: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q298: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -According to the
Q376: The long run is defined as a