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Labor and marginal product revenue

Constructing a demand curve for an individual firm by thinking about how much increment benefit they get from an incremental employee (marginal product of labor (MPL) and marginal product revenue (MPR). We later think about how we can add these "demand" curves to construct a "demand" curve for the market for labor in this industry.

Topics: Finance, Economics
Cost: Free

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Labor and marginal product revenue's Full Profile

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Constructing a demand curve for an individual firm by thinking about how much increment benefit they get from an incremental employee (marginal product of labor (MPL) and marginal product revenue (MPR). We later think about how we can add these "demand" curves to construct a "demand" curve for the market for labor in this industry.

Details

  • Days of the Week: Monday, Tuesday, Wednesday, Thursday, Friday, Saturday, Sunday
  • Level of Difficulty: Beginner
  • Size: One-on-One
  • Instructor: Sal Khan
  • Cost: Free
  • Institution: Khan Academy
  • Topics: Finance, Economics

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About Khan Academy: Khan Academy is an organization on a mission. Khan Academy is a not-for-profit with the goal of changing education for the better by providing a free world-class education for anyone anywhere.

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