Multiple Choice
Figure 18-2.The figure shows a particular firm's value-of-marginal-product (VMP) curve.On the horizontal axis,L represents the number of workers.The time frame is daily. 
-Refer to Figure 18-2.Suppose the marginal product of the fifth unit of labor is 30 units of output per day.The figure implies that the
A) price of output is $4.
B) price of output is $6.
C) price of output is $8.
D) daily wage is $120.
Correct Answer:
Verified
Correct Answer:
Verified
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