Share This Article:

Economic Definition of marginal revenue product curve. Defined.

Offline Version: PDF

Term marginal revenue product curve Definition: A curve that graphically illustrates the relation between marginal revenue product and the quantity of the variable input, holding all other inputs fixed. This curve indicates the incremental change in total revenue for incremental changes in the variable input. The marginal revenue product curve plays in key role in the economic analysis of factor markets and the quantity of inputs employed.

 

« marginal revenue product and factor demand | marginal revenue product schedule »

Permalink: http://glossary.econguru.com/economic-term/marginal+revenue+product+curve

Alphabetical Reference to Over 2,000 Economic Terms