Answer:
24 units are produced when 2 workers are employed.
Explanation:
Consider the given table is
Units of Labor Total Product Marginal Product Total Revenue
0 0
1 14 14 $42
2 10
3 30 $90
4 35
5 39 $117
6 $126
7 44 2 $132
The formula for total product is
[tex]TP_n=TP_{n-1}+MP_n[/tex]
We need to find the total product when 2 workers are employed.
[tex]TP_2=TP_{2-1}+MP_2[/tex]
[tex]TP_2=TP_{1}+MP_2[/tex]
From the given table it is clear that total product is 14 when 1 workers are employed and marginal product is 10 when 2 workers are employed.
[tex]TP_2=14+10[/tex]
[tex]TP_2=24[/tex]
Therefore, 24 units are produced when 2 workers are employed.
