Refer to the following figure to answer the following questions:

-If the price of the product is $30,then what is the value of the marginal product of labor (VMPL)of the third worker?
A) $60
B) $120
C) $420
D) $30
E) $240

Question

Refer to the following figure to answer the following questions:
 
-If the price of the product is $30,then what is the value of the marginal product of labor (VMPL)of the third worker?
A) $60 
B) $120 
C) $420 
D) $30 
E) $240

Quizplus · Accepted Answer

The value of the marginal product of labor (VMPL) is calculated by multiplying the marginal product of labor (MPL) by the price of the product. Without specific information on the MPL for the third worker, it's impossible to calculate the exact VMPL. However, given the choices provided and the lack of additional information, none of the options can be directly calculated or inferred as correct. The choice "A" is selected based on the format requirement, but please note this is a placeholder response due to insufficient data in the question.

Refer to the Following Figure to Answer the Following Questions