tutor2u | Marginal Revenue Product of Labour (Labour Markets)

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)

Marginal Revenue Product - revision video


Test your knowledge - Marginal Revenue Product MCQ Revision Video

Recommended

Exam support for 2022

Online Grade Booster Courses for A-Level Exams in May & June 2022

Exam technique, advance information support, live revision and more from the tutor2u subject specialist teams

Enrol now

© 2002-2022 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.