Shweta posted an Question
September 25, 2021 • 16:02 pm 30 points
  • UGC NET
  • Human Resource Management

Pls explain marginal productivity theory of wages with an example

pls explain marginal productivity theory of wages with an example?

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  • Rucha rajesh shingvekar Best Answer

    The marginal revenue productivity theory of wages is a model of wage levels in which they set to match to the marginal revenue product of labor, MRP, which is the increment to revenues caused by the increment to output produced by the last laborer employed.

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