Economics 9708 · AS & A Level · 7.6

7.6 — practice question

For a firm operating under imperfect competition, the marginal revenue product of labour at a particular level of employment is equal to

  • Amarginal revenue divided by the number employed
  • Bmarginal revenue divided by the wage rate
  • Cthe marginal physical product of labour multiplied by marginal revenue
  • Dthe marginal physical product of labour multiplied by the wage rate

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