This topic contains a solution. Click here to go to the answer

Author Question: What is the relationship between the value of marginal product of labor and the marginal product of ... (Read 42 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
What is the relationship between the value of marginal product of labor and the marginal product of labor?
 
  What will be an ideal response?

Question 2

All of the following are considered intellectual property except
 
  A) software. B) films. C) books. D) shares of stock.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

carlsona147

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

VMP is equal to the price of a unit of the output, P, multiplied by the marginal product of labor, MP. So VMP = P  MP.

Answer to Question 2

D




DyllonKazuo

  • Member
  • Posts: 565
Reply 2 on: Jun 29, 2018
Gracias!


bigcheese9

  • Member
  • Posts: 333
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

For a complete list of videos, visit our video library