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2.2. Marginal revenue product (MRP) 2.3. Marginal resource cost (MRC) 3. Explain the rule for determining the optimal resource use for a single resource or

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2.2. Marginal revenue product (MRP) 2.3. Marginal resource cost (MRC) 3. Explain the rule for determining the optimal resource use for a single resource or input and determine the optimal amount of labor, given that each output sells at $2 and labor is $26 per unit. Labor Output MP MRP MRC 0 22 2 38 3 52 4 62 70 4. Explain why the marginal revenue IN+ MDDY

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