The value of marginal product of labor equals a. the marginal product of labor divided by the price of a unit of output b. the marginal product of labor c. the price of a unit of output divided by the marginal product of labor d. the price of a unit of output multiplied by the marginal product of labor

D. the price of a unit of output multiplied by the marginal product of labor

Explanation:

The formula to compute the value of the marginal product of labor is shown below:

= Price of a unit of product  × marginal product of labor

= value of marginal product of labor

To find out the value of the marginal product of labor, we simply multiply the unit price of a product with the marginal product of labor so that true value can come.

Hence, all other options are wrong except D.

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