Irrespective of the type of market, the marginal revenue product curve of a firm is:

Name: Irrespective of the type of market, the marginal revenue product curve of a firm is:
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The marginal revenue product curve of a firm is downward sloping because as more units of a factor of production (like labor) are employed, the additional output produced by each additional unit tends to decrease, assuming other factors remain constant. This reflects the law of diminishing returns.

Irrespective of the Type of Market, the Marginal Revenue Product