Economy, asked by mageshmagi192480576, 3 months ago

marginal productivity theorem

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Answered by bhartirathore299

The marginal revenue productivity theory of wages is a model of wage levels in which they set to match to the marginal revenue product of labor, MRP, which is the increment to revenues caused by the increment to output produced by the last laborer employed.

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marginal productivity theorem​

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marginal productivity theorem