MARGINAL REVENUE PRODUCT - MRP
Generated revenue from adding one extra unit of a factor or a production, given that all other factors are still equal. It is used in marginal analysis to determine how it affect variable inputs such as labor, and it also follows law of diminishing marginal returns. As the number of units of an input increase, the generated revenue from every additional unit decreases at some point. To compute the marginal revenue product, multiply the marginal product of labor by the company’s marginal revenue.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Aug | |
| 11:00 | Ifo Business Climate Index | Oct | |
| 11:00 | Ifo Current Assessment | Oct | |
| 11:00 | IFO - Expectations | Oct | |
| 13:00 | CBI retail sales volume balance | Oct | |
| 01:50 | Corporate Service Price Index | Sep | |
| 02:01 | BRC Shop Price Index | Oct | |
| 07:00 | BOJ Core CPI | Sep | |
| 10:00 | Unemployment Rate | 3 quarter |
