I don’t know how to handle this Economics question and need guidance.
Profit-maximizing firms will hire additional units of a resource up to the point at which the marginal revenue product (MRP) of the resource equals its price. With multiple inputs, firms will expand their use of each until the marginal product divided by the price (MP/P) is equal across all inputs
What is the
Review the mechanics of demand and supply. How does marginality work in economics?
The initial post should be 75-150 words in length.