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investopedia.com
Marginal Revenue Product (MRP): Definition and How It's Predicted
A marginal revenue product (MRP) is the market value of one additional unit of input. It is also known as a marginal value product.
Jul 29, 2024
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If the total revenue (TR) function of a good is given by 100Q Q^2, find an expression for the marginal revenue (MR) function.If the current demand is 60, estimate the change in the value of TR due to a 2 unit increase in Q.20-4040-020 0
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