If P=$10, MPL= $25 and APL=$ 40, then the value of marginal product of labor is $250
The marginal product of labor (MPL) is the change in output that results from employing an added unit of labor.
The average product of labor (APL) is the total product of labor divided by the number of units of labor employed.
Here,
P= $10
The marginal product of labor (MPL)= $25
The average product of labor (APL)= $40
The value of marginal product of labor= P × The marginal product of labor (MPL)
The value of marginal product of labor= 10×25=$250
Hence, If P=$10, MPL= $25 and APL=$ 40, then the value of marginal product of labor is $250
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Answer:
Step-by-step explanation:
Answer:
Step-by-step explanation:
First problem. If you want a parallel to a given line, you keep the slope.
Then we use the point-slope form of a line
and we plug in there everything we need.
The second is quite similar. This time we want the perpendicular. It means that the product of the slopes has to be -1.
At this point we have everything, let's replace and write down the line in a better looking form
1 7/8 because 15/8 =1 7/8
-JennaClaire
