Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Market Equilibrium

Question:
Marginal Revenue Product of Labour (MRPL) is equal to
Options:
MR * MPK
MR * MPL
MP * MC
None of above
Correct Answer:
MR * MPL
Explanation:
Marginal Revenue multiplied by Marginal Product of Labour gives us the Marginal Revenue Product of Labour.