Answer:
the value of the marginal product of labor is $500
Explanation:
The computation of the value of the marginal product of labor is shown below:
= MRP × price per unit
= 10 units × $50 per unit
= $500
hence, the value of the marginal product of labor is $500
We simply applied the above formula
The owner of Tata Motors is: Ratan Tata
The answer to this question is c
Kosi will be counted as an unemployed because even though he is willing and able to work, he was out of employment due to a reason beyond his control.