If diminishing marginal returns are present for an input, then the marginal revenue product will be decreasing.
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Q27: Marginal revenue product is essentially the additional
Q28: When marginal revenue product of an input
Q29: The rule that states that the marginal
Q30: Production technology determines the relationship of total
Q31: If the price of one input changes,
Q33: If MRP > P, a firm should
Q34: Input proportions are usually fixed by technological
Q35: The "law" of diminishing returns rests on
Q36: Most firms have very little flexibility in
Q37: Input choices in the present are often
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