Option 3: 16 -> Marginal Product (MP) is calculated as the change in total product divided by the change in labor input. Here, MP = (40 - 24) / (4 - 3) = 16 / 1 = 16. When the 4th unit of labor is added, total output increases by 16 units, making the marginal product 16. -> correct
When labor changes from 3 to 4, the total product changes from 24 to 40, calculate the marginal product.
CUET UG 2025 — Economics Micro
2025mcqeasy
When labor changes from 3 to 4, the total product changes from 24 to 40, calculate the marginal product.
Official previous-year question
Held on 22 May 2025 · Verified 13 Jul 2026.
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