A firm buys new machinery which increases the marginal productivity of its workforce. What will be the resulting impact on the market for labour?
A.
a shift to the left in the demand curve for labour
B.
a shift to the right in the demand curve for labour
C.
a shift to the left in the supply curve of labour
D.
a shift to the right in the supply curve of labour
Exam No：9708_w24_qp_33 Year：2024 Question No：13
Answer:
B
Knowledge points:
8.3.4.1 definition and calculation of marginal revenue product
8.3.4.2 derivation of an individual firm’s demand for labour using marginal revenue product
8.3.5.1 wage and non-wage factors
Solution:
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