Multiple Choice
The shape of the marginal revenue product curve for a perfectly competitive firm would be ________ its marginal product curve because ________.
A) the same as; MR is constant as output increases
B) steeper than; MR decreases as output increases
C) steeper than; its product's price increases as output increases
D) flatter than; its product's price decreases as output increases
E) flatter than; it must pay a higher wage to the variable factor as output increases
Correct Answer:

Verified
Correct Answer:
Verified
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