The Value of Marginal Product (VMP) Is

question 110

Multiple Choice

The value of marginal product (VMP) is

• A)equal to the product price multiplied by the marginal physical product of the factor.
• B)equal to marginal revenue product for a product price taker.
• C)the firm's factor demand curve if the firm is a product price taker.
• D)a measure of the value that each factor unit adds to the firm's product.
• E)all of the above

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