Explain how the marginal product for a resource can change. Conclude with an explanation for what can change the demand for a resource.
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McEachern, W. A., (2010) ECON Micro 2, (2010-2011 ed.). Mason, Ohio: Cengage Learning.© BrainMass Inc. brainmass.com October 25, 2018, 7:55 am ad1c9bdddf
In accordance with BrainMass rules this is not an essay but only background help.
The marginal product for a resource is the change in output when one more units of the resource is added. For example, if an additional unit of labor is added, the marginal product is the change in output that occurs when an additional unit of labor is added. The marginal product for a resource can change ...
Change in demand for a resource is discussed step-by-step in this solution. The response also has the sources used.
Marginal product for a resource can change
Explain how the marginal product for a resource can change along with what can change the demand for a resource.View Full Posting Details