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A maginal revenue product of labor for a firm is?
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20 votes
A maginal revenue product of labor for a firm is?

User Yann Droneaud
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1 Answer

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28 votes

Answer:

The marginal revenue product of labor (MRPL) is the additional amount of revenue a firm can generate by hiring one additional employee. It is found by multiplying the marginal product of labor (MPL) – the amount of additional output one additional worker can generate.

Step-by-step explanation:

by the price of output. If an employee of a customer support call center can take eight calls an hour (the MPL) and each call earns the company $3, then the MRPL is $24.

User Roman Patutin
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