The value of marginal product of labor equals the
A)marginal product of labor times the net price for which each unit of output sells.
B)total product of labor divided by the net price for which each unit of output sells.
C)marginal product of labor divided by the net price for which each unit of output sells.
D)average product of labor times the wage rate.

Question

Quizplus · Accepted Answer

The value of the marginal product of labor is the dollar value of the additional output a firm gets by employing one additional unit of labor.

The Value of Marginal Product of Labor Equals the