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    Microeconomics Study Set 51
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    Exam 13: Factor Markets: With Emphasis on the Labor Market
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    Exhibit 26-5 Refer to Exhibit 26-5
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Exhibit 26-5 Refer to Exhibit 26-5

Question 93

Question 93

Multiple Choice

Exhibit 26-5 Exhibit 26-5   Refer to Exhibit 26-5. The value of marginal product (VMP) of the third unit of labor equals A) $250. B) $1,250. C) $300. D) $700. E) $1,000. Refer to Exhibit 26-5. The value of marginal product (VMP) of the third unit of labor equals


A) $250.
B) $1,250.
C) $300.
D) $700.
E) $1,000.

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