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D Question 2 1 pts Match the following definitions. The demand for inputs like the factors of production is based [ Choose ] at least
D Question 2 1 pts Match the following definitions. The demand for inputs like the factors of production is based [ Choose ] at least in part on the demand for the outputs they produce. As we use more and more of something, it becomes less and [ Choose ] less productive. Examination of how best to employ resources and how that [ Choose ] changes. [ Choose Diminishing Returns to Scale Derived Demand Marginal Productivity Theory Cost Minimization D Question 3 1 pts Which of the following increase the productivity of a resource? Check all that apply. O Technological Advance O Substitution of Resources O Quality of Resource O Quantity of Other ResourcesQuestion 1 1 pts Firms choose to use a level of resources such that the marginal revenue product is equal to the marginal resource cost (MRP:MRC). Briey, why not more? Why not less
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