Economics 9708 · AS & A Level · Long-run costs and economies of scale

Long-run costs and economies of scale — practice question

The diagram illustrates a firm’s original marginal revenue product of labour curve (MRP). What might make the curve move to MRP1?

  • Aa cut in the wage rate
  • Ba fall in the price of the final product
  • Can increase in the wage rate
  • Da rise in the price of the final product

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