define marginal revenue product of a factor
Answers
Answered by
1
Answer:
hey buddy, here is your answer, mark me as BRAINLIST
THANK YOU
Explanation:
Marginal revenue product (MRP), also known as the marginal value product, is the marginal revenue created due to an addition of one unit of resource. The marginal revenue product is calculated by multiplying the marginal physical product (MPP) of the resource by the marginal revenue (MR) generated.
Similar questions