The first, second, and third workers employed by a firm add 24, 18, and 9 units to total product respectively. Therefore, the: Group of answer choices marginal product of the third worker is 9. total product of the three workers is 54. average product of the three workers is 18. marginal product of the first worker is 18.

Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.