928EconomicsMedium
The value of the marginal product of labor is?
Athe price of the output times wage of labor
Bthe wage of labor times the quantity of labor
Cthe wage of labor times the marginal product of labor
Dnone of these answers
Ethe price of the output times the marginal product of labor
Correct answer
E. the price of the output times the marginal product of labor
Explanation
The correct answer is the price of the output times the marginal product of labor.