Respuesta :
If the MRP of labor decreases, labor demand will decrease.
Marginal Revenue Product (MRP): What Is It?
The marginal revenue created by the addition of one unit of a resource is known as the marginal revenue product (MRP), also known as the marginal value product. Calculating the marginal revenue product involves multiplying the resource's marginal physical product (MPP) by the marginal revenue (MR) that is produced.
The MRP aids in determining the ideal level of a resource by assuming that spending on other parameters remains constant.
Learning about Marginal Revenue Product (MRP)
The relationship between income and the marginal productivity of additional factors of production was initially demonstrated by American economist John Bates Clark (1847–1938) and Swedish economist Knut Wicksell (1851–1926).
Learn more about marginal revenue product (MRP) with the help of the given link:
brainly.com/question/28124354
#SPJ4
