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Calculating Marginal Revenue Product: Acquiring Resources

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Using the information in the following table, calculate the marginal revenue product (MRP = MPP x MR) (see attachment for table).

MPP = change in output/change in resource

MR = change in revenue/change in quantity

The number of units of resources the firm will want to acquire?
Please see the attachment.

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Provides steps necessary to determine marginal revenue product.

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There were certain cells in which you made a mistake. I have changed them into red.

Coming to the problem at hand you just need to use one simple rule: any firm ...

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