Study Notes
Marginal Revenue Product of Labour (Labour Markets)
- Level:
- A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 2 Jul 2018
The demand curve for labour tells us how many workers a business will employ at a given wage rate in a given time period. In the theory of competitive labour markets, the demand curve for labour comes from the estimated marginal revenue product of labour (MRPL)
Test your knowledge - Marginal Revenue Product MCQ Revision Video
You might also like
Automation a factor behind falling real wages for millions
19th October 2014
Minimum Wages - Analysis of Impact (Labour Markets)
Topic Videos
Minimum Wages - Evaluation (Labour Markets)
Topic Videos
Plan now because robots will take our jobs
5th February 2018
The Labour Market for Chefs - Supply Drying Up
21st March 2018
Update on the Gender Pay Gap
30th March 2018
Labour Market Economics (Quizlet Activity)
Quizzes & Activities