Marginal Revenue Product of Labour (MRPL) I A Level and IB Economics

[@tutor2u-official]

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[@tutor2u-official]

Lots of labour market economics revision resources can be found here www.tutor2u.net/economics/collections/labour-market-economics

[@harrygray6770]

thank you for clarifying the necessity of perfection competition to conclude D = MRP. Clifford said in one of his videos that D = MRP for linear supply but in this case MCL is no longer a wage schedule as it has twice the slope of supply (ie, supply is wage vs. Q but not MCL).

[@samiemira]

Thank you so much ..very helpful ..God bless you 🙏🏽

[@tutor2u-official]

So glad!

[@spencerspencejr5019]

Thanks alot

[@andrasinfra8709]

Isn’t the price of output is based on the assumption of MR=AR in competitive market (not MR=MR)?

[@Darklord1201FTW]

Im not a certified genius or anything, but yes I believe so that was just a typo

[@alumi9818]

Why should a company aim for the MRPL to be equal to Marginal Cost of Labour?

[@tutor2u-official]

this is the profit maximising condition for an employer

[@TheGamingWattsit]

Labour is homogenous. Why does the second worker produce more than the first?

[@alumi9818]

not produce but add less

[@jatinchawla002]

Plz speak clearly

[@jatinchawla002]

I think u r not idian that's why ur speaking tune is different

[@tutor2u-official]

I'm English! Sorry!