The marginal product of labor is defined as the change in? revenue per additional unit of labor.output per additional unit of revenue.revenue per additional unit of output.output per additional unit of labor.相关知识点: 试题来源: 解析 output per additional unit of labor....
The marginal revenue product of labor (MRPL) shows how much revenue an additional employee will generate once hired. The formula is: MRPL x Value. If hiring an additional employee increases production by 10 units that sell at $5 a piece, the MRPL is $50. ...
1) the marginal revenue product of labor 劳动力边际收入 2) the marginala physical product of labor 劳动力边际产量 3) marginal revenue 边际收入 例句>> 4) labor income 劳动收入 1. This paper calculated the effective tax rate of capital income,labor income and consumption expenditure dur...
marginal revenue The extra revenue generated by selling one additional unit of a good or service. For example, if a firm can sell 10 units of a product at a price of $25 per unit, total revenue is $250. If, in order to sell 11 units, it must reduce the price to $24, total reve...
Instructor:HirofumiShimizuEconomics101Section8ThirdMidtermExamFall1999Exam3AMarktheonebestanswertoeachofthefollowing30multiplechoicequestionsontheanswersheet.Besuretomarktheanswerbythecorrespondingquestionnumberontheanswersheet.Donotmakeanystraymarksonyouranswersheet.1.Themarginalrevenueproductoflabor(MRPL)is(a)the...
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) gener...
additional units ofOUTPUT. The marginal revenue product of a factor is given by the factor'sMARGINAL PHYSICAL PRODUCT(MPP) multiplied by theMARGINAL REVENUEof the product. (In the case of products sold in perfectly competitive markets, marginal revenue equals price so the MRP is equal to MPPx...
If marginal physical product is continually declining, what does marginal cost look like? Explain your answer. What is the relationship between the marginal product of labor and the value of the marginal product of labor? What factors cause the marginal revenue product curve...
If the marginal product of labor is rising, is the marginal cost of production rising or falling? Briefly explain. How is Nike's marginal product of labor related to the value of its marginal product? What is the mathematical expression of marginal revenue product of labor? In ...
MPL is higher than the cost of the worker. If firms have enough demand for their goods, they continue hiring new workers as long as the revenue they generate i.e. their marginal product of labor is higher than their salary.CalculationCalculation of marginal product of labor depends on a ...