The firm's value of marginal product of labor schedule slopes downward due to declining ________.

Name: The firm's value of marginal product of labor schedule slopes downward due to declining ________.
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The value of marginal product of labor (VMPL) schedule is downward sloping due to declining marginal product of labor (MPL). As more labor is hired, the MPL decreases, which leads to a decrease in VMPL. Marginal revenue, marginal cost, and product price are not directly related to the VMPL schedule.

The Firm's Value of Marginal Product of Labor Schedule Slopes