Study Notes
Marginal Revenue Product of Labour (Labour Markets)
- Level:
- A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 2 Jul 2018
The demand curve for labour tells us how many workers a business will employ at a given wage rate in a given time period. In the theory of competitive labour markets, the demand curve for labour comes from the estimated marginal revenue product of labour (MRPL)
Test your knowledge - Marginal Revenue Product MCQ Revision Video
You might also like
Demand for Labour (Labour Markets)
Study Notes
Elasticity of Labour Demand (Labour Markets)
Study Notes
Labour Market Economics (Revision Presentation)
Teaching PowerPoints
Unemployment Policies - The UK Youth Contract
Study Notes
The Battle between Robots and Skill
14th April 2015
Automation a factor behind falling real wages for millions
19th October 2014
Rising female employment in the construction industry
31st December 2014