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Marginal Revenue Product(MRP)
Questions (2)
Why does the marginal revenue product(MRP) curve slope downward for a perfectly competitive firm?
a. because MRP=MR x MPP. After
1 answer
asked by
sheila
713 views
Hey I just had a question regarding how to calculate VMPL (marginal revenue product). When looking for a specific formula, I got
1 answer
asked by
phoebe
492 views
Parent Categories (2)
Labor Economics
Microeconomics
