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Why does MRP curve for labor slope for a price-taking firm in both the input and output markets?

Why does MRP curve for labor slope for a price-taking firm in both the input and output markets?

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A. the out pout price falls as the out put level rises
B. the wage rate rises as the amount of labour rises
C. Both A and B are correct
Asked by John Adney, Last updated: Nov 09, 2024

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