Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
asjstr asjstr
wrote...
Posts: 465
Rep: 8 0
4 years 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.

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
Read 104 times
1 Reply
Replies
Answer verified by a subject expert
gturgtur
wrote...
Posts: 373
4 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

asjstr Author
wrote...

4 years ago
Thanks
wrote...

Yesterday
You make an excellent tutor!
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  914 People Browsing
Related Images
  
 240
  
 725
  
 143
Your Opinion
Which country would you like to visit for its food?
Votes: 204