the average product of the factor multiplied by the price of the output.
the change in revenue caused by the sale of the product contributed by an additional unit of input.
the change in revenue caused by the sale of an additional unit of output.
the increase in output resulting from the use of an additional unit of the factor multiplied by the cost of that factor.
marginal revenue multiplied by total product.
a change in the product's price.
an increase in the marginal physical product of labour.
a change in the wage rate paid to labour.
producing one more unit of output.
hiring one more unit of labour input.
MRP = MP × p
MC = MR × w
w = MP × p
MRP = MR × MC