Question

The value of marginal product of an input is the value of the:

Answer 1

value of marginal product (VMP) Marginal physical output of a factor input multiplied by the unit price of the output. VMP is a measure of a firm's revenue contributed by the last unit of a productive factor employed.

Answer 2

vmp is marginal physical output of a factor input multiples by the unit price of the output.vpm will neasures of a firm's revenue contributed bythe last unit of a productive factor employed