The following figure shows the marginal revenue product of a resource [MRP]: Figure 28.1 ![The following figure shows the marginal revenue product of a resource [MRP]: Figure 28.1 In Figure 28.1, 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>.](https://d2lvgg3v3hfg70.cloudfront.net/TB2060/11eaaa2d_b61e_718b_9b29_fd40c99d09db_TB2060_00.jpg)
In Figure 28.1, 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.
Correct Answer:
Verified
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