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MRP Schedule
Marginal Revenue Product Schedule, which details the additional revenue generated from employing one more unit of a resource or input.
Economic Rent
Income derived from the ownership of a unique asset or a situation, where no actual work is done to earn it.
MRP Schedule
A chart or table that shows the marginal revenue product of labor, detailing how changes in the quantity of labor employed will impact total revenue generated.
Economic Rent
A payment to an owner or factor of production in excess of the costs needed to bring that factor into production.
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