Explain why the MP/P relation is deficient as the sole mechanism for determining the optimal level of

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Explain why the MP/P relation is deficient as the sole mechanism for determining the optimal level of resource employment.

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Managerial Economics

ISBN: 978-0324588866

12th edition

Authors: Mark Hirschey

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Question Posted: Feb 13, 2015 09:50 AM

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Explain why the MP/P relation is deficient as the sole mechanism for determining the optimal level of

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The equality of the MPP ratio across input factors in a production system is necessary to i...View the full answer

Managerial Economics

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