Homework answers / question archive / Refer to the table below If the competitive price of the product produced by the labor is equal to $2, what is the value of the marginal product of the fifth unit of labor? a) $12 b) $2 c) $24 d) $6 e) $10   Units of Labor Marginal Product of Labor (MPL) 1 24 2 21 3 18 4 15 5 12 6 9 7 6 8 3

Refer to the table below If the competitive price of the product produced by the labor is equal to $2, what is the value of the marginal product of the fifth unit of labor? a) $12 b) $2 c) $24 d) $6 e) $10   Units of Labor Marginal Product of Labor (MPL) 1 24 2 21 3 18 4 15 5 12 6 9 7 6 8 3

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Refer to the table below If the competitive price of the product produced by the labor is equal to $2, what is the value of the marginal product of the fifth unit of labor?

a) $12

b) $2

c) $24

d) $6

e) $10