The value of the marginal product of labor (VMPL) is calculated using the following formula:
VMPL = ∆Q / ∆L
where VMPL is the value of the marginal product of labor,
∆Q is the change in output or production level, and
∆L is the change in the quantity of labor employed.
In other words, the VMPL measures the additional output generated by hiring one additional unit of labor.
the formula value of marginal production function of labor
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