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Economics A Level

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Question:

Why is the MRP and MPP curve Downward Sloping?

Author: go kys



Answer:

-The Values on the MRP Curve are = to the MPP Curve multiplied by MR which is Constant (as its the price) -The Curves being downward sloping reflects the Law of Diminishing Returns - each new worker Employed —> Less Additional Output made


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go kys
go kys