How is the demand for a resource affected by changes, Microeconomics

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How is the demand for a resource affected by changes

Problem

1. As output rises, which MRP curve declines more quickly-the MRP of the perfect competitor or the MRP of the imperfect competitor? Explain your answer.

2. How is the demand for a resource affected by (a) changes in the demand for the final product and (b) productivity changes?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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