Product of marginal revenue, Managerial Economics

Assignment Help:

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


Related Discussions:- Product of marginal revenue

Real and nominal measures, Real and nominal measures Output, Expenditu...

Real and nominal measures Output, Expenditure and Income can be valued at current market price in which case we speak, for example, of money or Nominal NNP, or NNP valued

Production function with one variable input, explain production function il...

explain production function illustrate production with one variable input

Nature and functions of money , Nature and Functions of Money The concep...

Nature and Functions of Money The concept of money is very difficult to define . it is belongs to the category of things which are not amenable to any single definition. It is p

What is an effective need of demand, What is an effective need of demand ...

What is an effective need of demand 1.  An Effective Need: Effective need demands that there must be a need supported by the capacity and readiness to shell out. Henceforth there

Legal sanction - sources of monopoly, Legal Sanction: A monopoly as stated ...

Legal Sanction: A monopoly as stated above may be the result of a government sanction. The government of a country may legally permit a private monopoly or monopoly in the public s

Significance of managerial economics, discuss the significance of manageri...

discuss the significance of managerial economics in regards to business strategies employed by business entities currently operating in the global economy

Factor combination in the long run, Factor combination in the long run ...

Factor combination in the long run In the long run it is possible to vary all factors of production. The firm is therefore restricted in its activities by the law of diminish

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd