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

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