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marginal product of labor Definition Measure of the physical increase in the output of a firm or economy; it is the output that results from hiring one additional worker, all other factors remaining constant. Use this term in a sentence Related Videos htt...
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跳到 Marginal Revenue Product in a perfectly competitive market - Under perfect competition ......
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The law of diminishing marginal productivity shows us that instead of continuing to increase the same input, it might be better to stop at a certain level, increase a  ......
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where is the change in the firm's use of the input (conventionally a one-unit change) and is the change in quantity of output produced (resulting from the change in the input). Note that the quantity of the "product" is typically defined ignoring external...
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Marginal Revenue Product, Marginal Product of Labor, MRP, MPL Explanation. For the AP Microeconomics study guide and practice test email me at mjindrick@hotm......
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行動版 - The marginal revenue product is the change in total revenue per unit change in the variable input ......
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The marginal revenue product of labor is the change in revenue that results from employing an ......
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Formula for Marginal Product of Labor The value of marginal product of labor is expressed mathematically ......