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Under conditions of imperfect competition, the mrp for the twelfth worker is calculated by
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Under conditions of imperfect competition, the mrp for the twelfth worker is calculated by

User Jaywayco
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Answer: MRP or the Marginal Revenue Product is the addition to total revenue when one more unit of a product is produced and sold in the market. It can be calculated using the given formula,


MRPn = TRn - TRn-1

Therefore, MRP for the twelfth worker will be,


MRP_(12) = TR_(12) - TR_(11)

which is total revenue at 12th worker minus total revenue for the 11th worker.

User Domos
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