How much value marginal product

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Reference no: EM133553760

Question: As a recent graduate , you have secured a position as the manager at a company specializing in the production of a specific product, X. Below is a schedule detailing the weekly total production of product X. Furthermore, assume that each unit of product X sells for $15, labor can be hired from a competitive job market for $135 per week, and the cost of each unit of capital is $127 per week.

Labor (L)	Capital (K)	Quantity (Q)
0	5	0
1	5	15
2	5	35
3	5	60
4	5	90
5	5	118
6	5	143
7	5	158
8	5	173
9	5	186
10	5	198
11	5	208
12	5	217
13	5	225
14	5	232
15	5	237

1. How much value marginal product (VMP_L) does the 4^th worker bring to the company? Explain!

Reference no: EM133553760

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