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Sagot :
If the marginal revenue product (mrp) of labor is less than the wage rate is less labor should be employed.
What is marginal reveneu?
Marginal revenue is the increase in sales from the sale of additional units of production. Marginal revenue may remain constant at a given level of output, but will eventually decrease as output level increases, following the law of diminishing returns. Marginal revenue is the money a company makes for each additional sale. In other words, it determines how much money a company makes from selling another product.
Learn more about marginal reveneu: https://brainly.com/question/13444663
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