A change in ____ would have the strongest influence on a factor's MRP curve.

Name: A change in ____ would have the strongest influence on a factor's MRP curve.
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Question

Quizplus · Accepted Answer

The MRP (Marginal Revenue Product) curve is most directly influenced by changes in the price of the final product, as MRP is calculated based on the additional revenue generated by employing one more unit of a factor, which in turn depends on the price at which the final product can be sold.

A Change in ____ Would Have the Strongest Influence on a Factor's