a. because MRP=MR x MPP. After some point, as more of a factor is employes, the lower its MFC is; thus MRP declines
b. Because MRP = MFC x MPP. After some point, as more of a factoc is employed, the lower its MFC is; thus MRP declines.
c. Because MRP = MR x MPP. After some point, MR declines for a product price taker; thus, MRP declines.
d. Because MRP = MFC x MR. After some point, MFC and MR decline; thus, MRP declines.
This question was asked on Apr 27, 2010.
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