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Here is a screen shot of a question I need help with. Thank you!! 3. Resources are used in production, and resources' prices are the

Here is a screen shot of a question I need help with. Thank you!!

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3. Resources are used in production, and resources' prices are the cost of production. a. Resources demand is a derived demand. this demand derived from b. The rule of employing labor required: MRF' = Wage of labor MRP depends on 1 and 2. In perfect competition. it the price of X is $4, and the marginal product of X is 5. The MRP is _ c. VMP is equal to MRF' in perfect competition because _ is equal to

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