The diagram shows a firm's initial marginal revenue product of labour curve ( $$\(\mathrm{MRP}_{1}\)$$ ). What could cause the curve to shift to $$\(\mathrm{MRP}_{2}\)$$ ?
A.
a fall in the wage rate
B.
a fall in the price of the final product
C.
a rise in the wage rate
D.
a rise in the price of the final product
Exam No：9708_w24_qp_32 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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