Statements (19)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Economic concept
|
| gptkbp:abbreviation |
gptkb:MRP
|
| gptkbp:appliesTo |
Imperfect competition
Perfect competition |
| gptkbp:category |
gptkb:Production_theory
|
| gptkbp:contrastsWith |
Marginal Factor Cost
|
| gptkbp:defines |
The additional revenue generated from employing one more unit of a factor of production
|
| gptkbp:determines |
Demand for labor
|
| gptkbp:field |
gptkb:Microeconomics
|
| gptkbp:form |
MRP = Marginal Product × Marginal Revenue
|
| https://www.w3.org/2000/01/rdf-schema#label |
Marginal Revenue Product
|
| gptkbp:influenced |
Wage determination
|
| gptkbp:measures |
Monetary units
|
| gptkbp:relatedTo |
Marginal Product
Marginal Revenue |
| gptkbp:usedIn |
Resource allocation
Labor demand analysis |
| gptkbp:bfsParent |
gptkb:MRP
|
| gptkbp:bfsLayer |
6
|