The marginal revenue product of the last unit is $20 and the marginal factor cost is $10. based on this, the firm should have marginal sales equal to $200.
The marginal sales manufactured by an employee are identical to the made of the marginal product of exertions (MPL) and the marginal sales (MR) of output, given by means of MR×MPL = MRP
The marginal sales fabricated from exertions are identical to the marginal made of labor extended via the product fee. A character firm in a perfectly competitive hard work marketplace is characterized as 'wage takers'. It takes the marketplace salary price as given. So, whilst the salary price is given, the marginal value of labor may be simply equal to the wage fee of hard work that's steady over the range of hard work hired by using the company.
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