Consider a perfectly competitive firm that uses labor as an input. The firm faces a market price of $10 for each unit of its output. The total product, and the marginal product of labor that the firm receives from hiring 1 to 5 workers are reported in the table below. What is the value of the marginal product of labor (VMPL) for the first worker? Value of the Marginal Product of Labor Labor input (# workers) Total product (# goods) Marginal Product of Labor (MPL) 1 19 19 2 17 18 3 22 5 14 25 15 26 1 Provide your answer below:

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