Question: Question content area top Part 1 How is the value of marginal product calculated? Question content area bottom Part 1 The value of marginal product

Question content area top
Part 1
How is the value of marginal product calculated?
Question content area bottom
Part 1
The value of marginal product equals_______.
A.
the price of a unit of output multiplied by the marginal product of the factor of production
B.
the change in total product divided by the change in labor
C.
marginal product divided by marginal revenue
D.
marginal revenue divided by marginal product
Part 2
If the price of an ice cream cone is $1.50, and a worker in an ice cream shop can scoop 10 cones an hour, what is the worker's value of marginal product?
The worker's value of marginal product is
$enter your response here
an hour.

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