Question

what is marginal revenue product of labour​

Answer 1

Explanation:

Marginal revenue product of labour (MRPL) is the extra revenue generated when an additional worker is employed. The formula for MRPL = marginal product of labour x marginal revenue. The demand curve for labour tells us how many workers a business will employ at a given wage rate in a given time period.

Answer 2

Answer:

Marginal revenue product of labour (MRPL) is the extra revenue generated when an additional worker is employed. The formula for MRPL = marginal product of labour x marginal revenue. The demand curve for labour tells us how many workers a business will employ at a given wage rate in a given time period.