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Nike dunk
Nike dunk
2015-11-16 04:15:57
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Symbolically, MRP = MPP * MR. Under perfect competition MRP = MPP x price. Average revenue product (ARP) is the revenue earned by the employment of each unit of the variable factor. Under perfect competition, a firm will employ. Various units of a factor up to the point at which the price said to the factor is equal to its marginal productivity.