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Economics (AS & A Level) · Oct / Nov 2024 · Paper 32 · Question 13

9708Labour market forces and government intervention

The diagram shows a firm's initial marginal revenue product of labour curve (MRP1). What could cause the curve to shift to MRP2?

  1. Aa fall in the wage rate
  2. Ba fall in the price of the final product
  3. Ca rise in the wage rate
  4. Da rise in the price of the final product

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Correct answer: B. a fall in the price of the final product

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