The Figure Above Shows a Firm's VMP Curve

question 103

Multiple Choice

The figure above shows a firm's VMP curve.
-Suppose that the price of the product doubles and the marginal product of the workers does not change.As a result,the value of marginal product of the second worker

• A) remains $12..
• B) becomes $6.
• C) becomes $24.
• D) becomes $30.
• E) More information about the supply of labor is needed to answer the question.

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Definitions:

Resale Value

The projected value at which an asset can be disposed of after its life of usability has ended.

Office Furniture

Items and fixtures used in an office setting to support various work activities and tasks, such as desks, chairs, and file cabinets.

Resale Value

The estimated market value of an asset if sold again in the future, often considered for vehicles, electronics, and properties.

Office Furniture

Items intended for use in a work environment, such as desks, chairs, and filing cabinets, to facilitate office operations.