The marginal revenue product (MRP) of the imperfectly competitive seller falls for two reasons MP diminishes and product price falls as output increases.
Marginal Return Product (MRP) is the marginal return generated by using additional units of a resource. MRP is used to make important decisions about the company's production and to determine the optimal level of resources. MRP expects spending on other factors to remain flat.
Marginal product value is a calculation obtained by multiplying the physical marginal product by the average sales or price of the product. More simply, the formula for calculating VMP is the physical product times the selling price of the product.
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