question archive The marginal revenue product of an input in a competitive market decreases as a firm increases the quantity of an input used because of the: A) law of diminishing returns
Subject:EconomicsPrice: Bought3
The marginal revenue product of an input in a competitive market decreases as a firm increases the quantity of an input used because of the:
A) law of diminishing returns. C) homogeneity of the product.
B) law of diminishing marginal utility. D) free mobility of resources.