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asjstr asjstr
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Posts: 332
Rep: 8 0
A week ago

Question 1.

The marginal productivity theory of income distribution was developed by



John Bates Clark.



William Stanley Jevons.



Edward Lazear.



George Akerlof.



Question 2.

The marginal productivity theory of income distribution states that



as more and more units of labor are added to a fixed quantity of capital, eventually labor's contribution to a firm's income will decrease.



factors of production in short supply command higher prices than those available in abundant quantities.



income distribution is determined by the marginal productivity of the factors of production that individuals own.



capital owners receive the bulk of a nation's income because capital-intensive production generates productivity gains.

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InMicro


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gturgtur
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Posts: 303
A week ago
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Answer 1

John Bates Clark.



Answer 2

income distribution is determined by the marginal productivity of the factors of production that individuals own.

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