How does Apple Inc. product function related to its marginal product of labor?
marginal product of labor is concerned with productivity of labor and their production cost. Apple Inc. hire the labor to get more productive output where are paying wages for the same and they will do the same until they are receiving the Marginal revenue equal to wage they pays to worker. apart they charge the price in the market depends on the technology factors used in production process, labor combined with other raw material that would bring more output. and changes in the price of substitute and complimentary goods. will also effect the marginal product of labor and this value also affect the value of marginal; product
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