Marginal Revenue Product of Labor MRPL Equation Formula Latex Code and Summary

Marginal Revenue Product of Labor MRPL

Tags: #Economics #Microeconomics

Equation

$$\text{MRP}_{L} = \text{MP}_{L} \times \text{P}$$

Latex Code

                                 \text{MRP}_{L} = \text{MP}_{L} \times \text{P}

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Introduction

Equation

$\text{MRP}_{L} = \text{MP}_{L} \times \text{P}$

Latex Code

            \text{MRP}_{L} = \text{MP}_{L} \times \text{P}

Latex code for Marginal Revenue Product of Labor MRPL. The marginal revenue product of labor (MRPL) is the marginal product of labor (MPL) times the marginal revenue (which is the same as price under perfect competition) the firm obtains from additional units of output that result from hiring the additional unit of labor.

$\text{MRP}_{L}$ : Marginal Revenue Product of Labor
$\text{MP}_{L}$ : Marginal Product of Labor
$P$ : Price

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Matthew Taylor

I'm ready to tackle this test head-on.

2023-01-06 00:00
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Joshua Moore reply to Matthew Taylor

Nice~

2023-01-16 00:00:00.0
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Willie Fox

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2023-06-18 00:00
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2023-07-01 00:00:00.0
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Samuel Evans

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2024-03-15 00:00
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Mary Smith reply to Samuel Evans

Nice~

2024-04-07 00:00:00.0
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