ZIMSEC A-Level Economics
6.2Determination of rewards: marginal revenue productivity and demand and supply
Determination of rewards: marginal revenue productivity and demand and supply in ZIMSEC A-Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic70 practice questions3 lessons
Learning objectives
What the syllabus expects you to be able to do.
- 6.2.1Apply the Marginal Revenue Productivity Theory to the demand for land, capital and labour.
- 6.2.2Explain the determination of rewards using the theory of demand and supply of factors of production.
- 6.2.3Analyse imperfections in the labour market and apply the theories to an economy such as Zimbabwe.
Lessons
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How wages are determined: competitive markets, unions, minimum wages and monopsony
55 min
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The demand for labour and marginal revenue product theory
55 min
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The supply of labour: to a firm, to an occupation and to the economy
50 min
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Sample question
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