please answer both 2&3.

PRINCIPLE \#2, Verbally and graphically describe the Marginal condition that must exist if a firm is buying using an input in a Profit maximizing or loss MRF minimizing manner Marginal condition that must exist is: If on the last unit of the variable input bought and used MRPinput= then the firm is buying and using an input in a profit maximizing or loss minimizing quantity of the variable input. Graphically, qe input is the profit maximizing, loss minimizing quantity of the input hire and use because at the intersection of MRP input curve and the MFC input curve, MRPinput= 3.PRINCIPLE \#3: Verbally and graphically describe the mathematical relationship between the Marginal Revenue Product of an input and the Average Revenue Product of an input MRPINPUt,ARPinput If the firm purchases and uses a larger quantity of a variable input bevond a0 inn... and MRPinput