The value of marginal product of labor (VMPL) is . given by the marginal product of labor times the price of the firm's output. () B. the firm's additional profit from hiring another worker. () C. the contribution of an additional worker to a firm's revenues. () D. Aand C only. Complete the following table. Assume that the selling price of the firm's output is $8 per unit. Workers Marginal Employed Product VMPL 1 24 $ | 2 20 s | 3 16 $128 4 12 s | 5 8 $ | Complete the following table. Assume that the selling price of the firm's output is $8 per unit. When the firm's VMPL is plotted in a diagram with the quantity of labor measured along the horizontal axis, the resulting curve will be V. constitutes the firm's Workers Employed 1 2 3 4 5 Marginal Product 24 20 16 12 8 VMPL @ o &4 and 24 20 upward-sloping U A W N - 16 $128 12 horizontal 8 downward-sloping When the firm's VMPL is plotted in a diagram with the quantity of labor measured along the horizontal axis, the resulting curve will be and constitutes the firm's3 16 $128 4 12 $ supply curve for labor 5 8 $ demand curve for labor When the firm's VMPI antity of labor measured along the horizontal axis, the resulting curve will be Y| and constitutes the firm's \\