If output price is constant, the marginal revenue product of labour curve will have the same shape as the

Name: If output price is constant, the marginal revenue product of labour curve will have the same shape as the
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Question

Quizplus · Accepted Answer

The marginal revenue product of labour curve will have the same shape as the marginal product of labour curve when the output price is constant, because the marginal revenue product is calculated as the marginal product of labour times the constant price of output.

If Output Price Is Constant, the Marginal Revenue Product of Labour