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1.6 The labour market (A-level only)

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Question 18

The marginal physical product of labour is defined as the

A

total output produced by the workforce divided by the number of workers employed.

B

change in total revenue resulting from the sale of the output produced by an additional worker.

C

change in total output resulting from the employment of one additional unit of labour.

D

addition to total cost resulting from employing one more unit of labour.

Markscheme

1.6 The labour market (A-level only) Questions

  1. A Level
  2. /Economics
  3. /1.6 The labour market (A-level only)

64 exam-style questions on AQA A Level Economics 1.6 The labour market (A-level only), covering 1.6.1 The demand for labour, marginal productivity theory, 1.6.2 Influences upon the supply of labour to different markets, 1.6.3 The determination of relative wage rates and levels of employment in perfectly competitive labour markets, 1.6.4 The determination of relative wage rates and levels of employment in imperfectly competitive labour markets, 1.6.5 The Influence of trade unions in determining wages and levels of employment, 1.6.6 The National Minimum Wage, and 1.6.7 Discrimination in the labour market. Each one has a worked solution and a mark scheme showing where the marks go.

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