Respuesta :
If the market price rises to $7, the fourth worker's marginal revenue product (MRP) will be equal to 80 units multiplied by $7 a day, which comes to $140.
Therefore, the fourth employee will have a marginal revenue product (MRP) of 140 per day.
What is MRP?
- The maximum retail price (MRP), which is determined by the manufacturer, is the most that can be charged for a good sold in Bangladesh and India.
- Retailers may, however, decide to mark down their items' prices below the MRP. MRP varies from systems that employ a suggested retail price because in those systems, the manufacturer's price is merely a guideline and not an enforceable legal requirement.
- In India, the MRP must be displayed on every retail item. Customers cannot be charged more than the MRP by stores.
- To get more customers into their businesses, certain stores may price a little less than MRP.
- Consumers are frequently charged unlawfully above the MRP in some remote places, tourist hotspots, and in circumstances where a product is challenging to procure.
To learn more about MRP visit:https://brainly.com/question/28346825
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