Quiz: Marginal Productivity Theory of Labour Demand

AQA A level economics 7136 specification

11 Steps9 Questions

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Building on what you've learned about derived demand, let's test your knowledge of marginal productivity theory of labour demand!

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What does marginal productivity theory suggest about labour demand?

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Which of the following factors determine the marginal revenue product of labour? (Select all that apply)

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The marginal revenue product of labour is calculated as {{blank0}} multiplied by {{blank1}}.

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Match the items on the left with their correct pairs on the right

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Why might a firm reduce the number of workers it employs?

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Match the items on the left with their correct pairs on the right

Multiple ChoiceInteractive

What happens if the marginal product of labour decreases?

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Which of the following could cause the marginal revenue product of labour to fall? (Select all that apply)

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The marginal revenue product of labour directly influences the firm's decision on {{blank0}} of workers.

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