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1.6 The labour market (A-level only)

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Question 13

Assuming both the product and labour markets are perfectly competitive, a profit-maximising firm's demand curve for labour is derived from its:

marginal physical product of labour multiplied by the price of the output.

marginal cost of labour.

average revenue product of labour.

total revenue generated per worker.

1.6 The labour market (A-level only) Questions

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  3. /1.6 The labour market (A-level only)