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Value of marginal product is the value to a firm of hiring one more unit of a factor of​ production, which equals the​ _____ of a unit of​ _____ by the marginal product of the factor of production.
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Value of marginal product is the value to a firm of hiring one more unit of a factor of​ production, which equals the​ _____ of a unit of​ _____ by the marginal product of the factor of production.

User DFedor
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1 Answer

5 votes

Answer:

  • Price
  • Output

Step-by-step explanation:

Value of MP = P * MP

User Zein
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