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Marginal productivity theory states that

bluejean

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6 months ago

Marginal productivity theory states that

▸

firms in price searcher product markets pay factors their marginal factor cost.

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firms in perfect factor markets pay factors their equilibrium wages.

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firms that are more productive, earn higher profits.

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firms in perfect product and factor markets pay factors their marginal revenue products.

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none of the above

Textbook

Economics

Edition: 12^th

Author: Arnold

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Answer verified by a subject expert

HCho0

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6 months ago

More solutions for this book are available here

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bluejean Author

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6 months ago

Thanks

jmendoza

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Yesterday

this is exactly what I needed

sudenzia

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2 hours ago

Good timing, thanks!

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