q product of marginal revenuemrpl is the product


Q. Product of marginal revenue?

MRPL is the product of marginal revenue and marginal product of labour or MRPL = MR x MPL.

• Derivation:

MR = ?TR/?Q

MPL = ?Q/?L

MRPL = MR x MPL = (?TR/?Q) x (?Q/?L) = ?TR/?L

Request for Solution File

Ask an Expert for Answer!!
Managerial Economics: q product of marginal revenuemrpl is the product
Reference No:- TGS0330368

Expected delivery within 24 Hours