The marginal revenue product curve is the?
مارجنل ریونیو پروڈکٹ کَرْو کیا ہے؟
- The cost curve for the product
- The supply curve of the input
- The demand curve for the input
- None of these
Explanation
- Marginal Revenue Product (MRP) is the extra revenue a firm earns from employing one more unit of a factor (like labour).
- Firms hire inputs based on the value of their contribution to output.
- The MRP curve shows how much additional revenue each extra unit of input generates.
- In factor markets, it represents the demand for the input.
- Therefore, it is the demand curve for the input.
Last verified on 23-04-2026
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