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The marginal productivity theory of income distribution states that

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The marginal productivity theory of income distribution states that

Question 1.

The marginal productivity theory of income distribution was developed by

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John Bates Clark.

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William Stanley Jevons.

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Edward Lazear.

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George Akerlof.

Question 2.

The marginal productivity theory of income distribution states that

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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.

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

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

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

Textbook

InMicro

Edition: 1^st

Authors: Hubbard, O'Brien

Read 112 times

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asjstr Author

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You make an excellent tutor!

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Correct

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Thank you, thank you, thank you!

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