The following figure shows the marginal revenue product of a resource [MRP]: Figure 14.1 In Figure 14.1,if the price of the resource is equal to 0C and the resource market is perfectly competitive,the quantity employed of the resource would be: A)less than L₂. B)equal to L₁. C)equal to L₂. D)equal to L₃. E)more than L₃.

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The Answer of The following figure shows the marginal revenue product of a resource [MRP]: Figure 14.1 In Figure 14.1,if the price of the resource is equal to 0C and the resource market is perfectly competitive,the quantity employed of the resource would be: A)less than L₂. B)equal to L₁. C)equal to L₂. D)equal to L₃. E)more than L₃.

The Following Figure Shows the Marginal Revenue Product of a Resource