CAIE A-Level Economics A2 8.3.4 Mrp Theory Questions
Practise calculating marginal revenue product and marginal factor cost and applying them to profit-maximising employment in A2 questions.
- Syllabus
- 2026–2028
- Course
- Economics 9708
- Level
- A2
Exam points
- Calculate and interpret marginal revenue product and marginal factor cost to determine profit-maximising employment.
CAIE A-Level Economics A2 8.3.4 Mrp Theory Questions question 1
[Maximum number: 1]
When will a profit-maximising firm employ the optimum number of workers?
A
when the average revenue product of labour equals the average cost of hiring workers
B
when the marginal revenue product of labour equals the average cost of hiring workers
C
when the marginal revenue product of labour equals the marginal cost of hiring workers
D
when the marginal revenue product of labour equals the trade union supplied cost of workers
C
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