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    Exam 27: Factor Markets: With Emphasis on the Labor Market
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    Exhibit 27-5 -Refer to Exhibit 27-5.The Value of Marginal Product (VMP)of the Marginal
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Exhibit 27-5 -Refer to Exhibit 27-5.The Value of Marginal Product (VMP)of the Marginal

Question 103

Question 103

Multiple Choice

Exhibit 27-5
Exhibit 27-5    -Refer to Exhibit 27-5.The value of marginal product (VMP) of the third unit of labor equals A)  $70. B)  $420. C)  $300. D)  $700. E)  $105.
-Refer to Exhibit 27-5.The value of marginal product (VMP) of the third unit of labor equals


A) $70.
B) $420.
C) $300.
D) $700.
E) $105.

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