Input Factors

  • 1 Posts
  • 1 Sections
  • 1 Types
August 25, 2024 3 min read Definitions
Marginal Revenue Product: Economic Analysis of Input Factors
Economics Finance Marginal Revenue Product Input Factors Marginal Analysis Economic Theory Profit Maximization
Marginal Revenue Product (MRP) is the additional revenue a firm receives from employing one more unit of an input factor, calculated by multiplying the Marginal Product of the input by its Marginal Revenue.
Read more about Marginal Revenue Product: Economic Analysis of Input Factors.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.