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Firms will employ each input up to the point that its price equals its marginal revenue product.

shaerovira

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Firms will employ each input up to the point that its price equals its marginal revenue product.

Question 1.

A technological change would cause a shift of the demand curve for inputs.

▸ true

▸ false

Question 2.

Firms will employ each input up to the point that its price equals its marginal revenue product.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 63 times

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Btllllll

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More solutions for this book are available here

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shaerovira Author

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Thank you, thank you, thank you!

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