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Author Question: What is the relationship between the value of marginal product of labor and the marginal product of ... (Read 96 times)

DyllonKazuo

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on: Jun 29, 2018
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.


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carlsona147

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Reply #1 on: Jun 29, 2018
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

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

lkanara2

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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