Suppose P = $144, MPL = 39, and APL = 26, MPK = 72, and APK = 45. What is the value marginal product of labor (AKA marginal revenue product of labor)? $ What is the value marginal product of capital (AKA marginal revenue product of caplital? $
Suppose P = $144, MPL = 39, and APL = 26, MPK = 72, and APK = 45. What is the value marginal product of labor (AKA marginal revenue product of labor)? $ What is the value marginal product of capital (AKA marginal revenue product of caplital? $
Chapter10: Labor Markets And Income Distribution
Section: Chapter Questions
Problem 3SQP
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![Suppose P = $144, MPL = 39, and APL = 26, MPK = 72, and APK = 45.
What is the value marginal product of labor (AKA marginal revenue product of labor)? $
What is the value marginal product of capital (AKA marginal revenue product of caplital? $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd821492d-b137-4d77-8ead-26b8b4fb954c%2F5ffaa801-ed1a-4c8b-ab8b-28cdcbf7a72e%2Ftx6b61m_processed.png&w=3840&q=75)
Transcribed Image Text:Suppose P = $144, MPL = 39, and APL = 26, MPK = 72, and APK = 45.
What is the value marginal product of labor (AKA marginal revenue product of labor)? $
What is the value marginal product of capital (AKA marginal revenue product of caplital? $
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