The Diagram Below Shows the MRP Curve for a Firm

question 20

Multiple Choice

The diagram below shows the MRP curve for a firm producing high school math textbooks. The factor of production being considered here is hours of labour. FIGURE 13- 2
-Refer to Figure 13- 2. Assume that the firm is a perfect competitor and the price of the firm's output is fixed. We know that the firm's MRP curve is

• A) steeper than the firm's marginal product curve for labour.
• B) flatter than the firm's marginal product curve for labour.
• C) the same shape as the firm's marginal revenue curve.
• D) horizontal, if the firm is perfectly competitive.
• E) the same shape as the firm's marginal product curve for labour.

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