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manonvsb manonvsb
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A year ago
The shape of the marginal revenue product curve for a perfectly competitive firm would be ________ its marginal product curve because ________.

▸ the same as; MR is constant as output increases

▸ steeper than; its product's price increases as output increases

▸ flatter than; it must pay a higher wage to the variable factor as output increases

▸ flatter than; its product's price decreases as output increases

▸ steeper than; MR decreases as output increases
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Microeconomics

Microeconomics


Edition: 17th
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iffn23iffn23
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