Final dates! Join the tutor2u subject teams in London for a day of exam technique and revision at the cinema. Learn more

Topics

Marginal revenue product (MRP)

Marginal revenue product of labour (MRPL) is the extra revenue generated when an additional worker is employed.

Formula: MRPL = marginal product of labour x marginal revenue

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.

Back to top