Question: Explain why a firm's adherence to the MRP = MFC rule enables it to find the optimal number of units of a variable input to

Explain why a firm's adherence to the MRP = MFC rule enables it to find the optimal number of units of a variable input to use in the short-run production process.

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Adhering to the MRP MLC or MRP MFC rule is an example of equalizing at the margin As long as ... View full answer

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