The marginal revenue product of the fourth unit of labor is equal to
MRP = MP × P . Calculate MP by looking at the difference in TP as one more unit of labor is hired.
269 MCQ for effective preparation of the test of Microeconomics of Economics section.
Read the MCQ statement: The marginal revenue product of the fourth unit of labor is equal to , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 97-4107.