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Alfred Marshall's concept of "transfer earnings" denotes

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Alfred Marshall's concept of "transfer earnings" denotes

Alfred Marshall's concept of "transfer earnings" denotes

▸ the amount that a factor must earn to keep it from transferring to another use.

▸ the amount a factor earns over and above what is necessary to keep the factor from transferring to an alternative use.

▸ the value of the factor to its user.

▸ the amount the factor earns every time it transfers between locations.

▸ a return to a particular factor which must be the same for all uses of that factor.

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Microeconomics

Edition: 17^th

Author: Ragan

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BigFella9503 Author

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Brilliant ツ

mikeh209

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Good timing, thanks!

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Thanks

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