A small firm employs only 5 workers. 4 workers produce a total of 154 units of output. With the addition of the 5th worker, output increases by 50 units. What is the total output of the firm?

A small firm employs only 5 workers. 4 workers produce a total of 154 units of output. With the addition of the 5th worker, output increases by 50 units. What is the total output of the firm?

 

100 units.

104 units.

50 units.

204 units.

 

Explanation
Total product is the total output produced by a firm’s workers, which is equal to 154 + 50 units = 204 units.