The value of the marginal product curve of labor (VMPL) curve is:
A) related to the price of the product produced but not to the marginal physical product of labor.
B) upward-sloping because it is directly proportional to price of the output produced by the labor.
C) the product of the marginal physical product of labor and the price of labor.
D) the value of the additional output from employing one more unit of labor in production.
Correct Answer:
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