Examlex
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VMPL
The value of the marginal product of labor, which is the additional value created from an increase in labor input.
Equilibrium Market Wage
The wage rate at which the quantity of labor supplied and the quantity of labor demanded are equal.
Bricklayers
Tradespeople who lay bricks, concrete blocks, and other types of masonry materials to construct or repair walls, partitions, and other structures.
Wage Rate
The pay a worker gets for each unit of time or output produced.
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