A) Rs. 3800
B) Rs. 200
C) Rs. 4000
D) Rs. 100
Correct Answer: A
Solution :
Marginal revenue product of labour (MRPL) is the extra revenue generated when an additional worker is employed. MRPL = marginal product of labour\[\times \] marginal revenue. |
According to the question, the initial revenue product generated is \[1000\times 25=\] Rs. 25,000 with the addition of one worker, the revenue product becomes \[1200\times 24=\text{Rs}\text{.}\,28,800\] |
Marginal revenue product is simply the increase in total revenue from the additional worker = Rs. 28,800 - 25000 = Rs. 3,800 |
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