Analysis
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:

Question

Analysis
The following figure shows the marginal revenue product of a resource [MRP]:
Figure 14.1
Analysis 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.

Analysis 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 L<sub>2</sub>. B) equal to L<sub>1</sub>. C) equal to L<sub>2</sub>. D) equal to L<sub>3</sub>. E) more than L<sub>3</sub>.

-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:

Quizplus · Accepted Answer

The Answer of Analysis 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.

Analysis the Following Figure Shows the Marginal Revenue Product of a a Resource