marginal revenue product (MRP)
marginal revenue product (MRP)
Glossary micro and macro economics
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Economics
Definition of marginal revenue product (mrp)
marginal revenue product (MRP) : change in total revenue with the addition of one more unit of resource input for production.
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Glossary micro and macro economics
Micro and macro economics glossary index of terms
Definition and meaning of marginal revenue product (mrp)
Meaning of marginal revenue product (mrp)
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