Teaching Marginal Revenue Product of Labor and Capital Using Elite Athlete Salaries and Pollution Control Examples

Nikhil Dharawat and Jeffrey Wagner
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Nikhil Dharawat: Independent Researcher
Jeffrey Wagner: Rochester Institute of Technology

Journal of Economics Teaching, 2024, vol. 9, issue 3, 135-147

Abstract: The motivation for this paper is student interest in real-world examples of marginal revenue product (MRP)—particularly examples that relate directly ...

JEL-codes: A21 A22 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:jtc:journl:v:9:y:2024:i:3:p:135-147

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