A technological improvement that causes an increase in the marginal product of a resource will:  A. Decrease the demand for the resource B. Increase the demand for the resource C. Decrease the marginal revenue product D. Increase the marginal resource cost

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A: Since both are different questions, we will answer the first one only. Please resubmit the other…

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A: Answer: The formula for the marginal product is given below: MPn=TPn-TPn-1Where,MPn=marginal product…

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A: Since you have asked multiple questions, we will solve the first one as per the guidelines. Please…

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Q: What is the definition of Marginal Revenue Product? Give an example

A: Answer: Marginal revenue product (MRP): marginal revenue product refers to the additional revenue…

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A:

Q: what is the marginal product?

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Q: Innovations in technology that cause an increase in the marginal product of a resource will:…

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A: The following problem has been solved as follows:

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A:

Q: Quantity Total Cost Marginal Cost Total Revenue Marginal Revenue Profit $8 $0 1 10 16

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A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…