The Marginal Value Product of Labor Is Equal To

question 7

Multiple Choice

The marginal value product of labor is equal to:

• A)the marginal product of labor multiplied by the per-unit price of labor.
• B)the marginal product of labor multiplied by the per-unit price of output.
• C)the average product of labor multiplied by the per-unit price of capital.
• D)the average product of labor multiplied by the per-unit price of output.

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