Marginal Revenue Product of Labour (MRPL

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Market Equilibrium

Question:

Marginal Revenue Product of Labour (MRPL) is equal to

Options:

MR + MPL

MR * MPL

MP * MC

None of above

Correct Answer:

MR * MPL

Explanation:

The correct answer is option 2: MR * MPL

Marginal Revenue multiplied by Marginal Product of Labour gives us the Marginal Revenue Product of Labour.