Multiple Choice
Those who advocate the marginal productivity theory of income distribution argue that
A) government policy should be used to redistribute income based on need.
B) family income should be based on a family's demand for products.
C) resource markets will set incomes based on workers' contributions to the output of scarce goods and services.
D) monopoly and monopsony power do not affect resource payments of the overall distribution of income.
Correct Answer:

Verified
Correct Answer:
Verified
Q77: The marginal product of labor is expressed
Q78: To firms, resource prices are a major
Q79: In firm X labor costs are 85
Q80: Assume that the resource market is purely
Q81: The MRP curve for labor<br>A) intersects the
Q83: An example of derived demand in the
Q84: If a firm pays labor $5 and
Q85: The MRP curve is the resource demand
Q86: Under pure competition, the market price
Q87: The demand curve for labor would shift