Solved

The Marginal Productivity Theory of Income States That a Person's

Question 4

Multiple Choice

The marginal productivity theory of income states that a person's total income is determined by


A) the amount and productivity of factors of production the individual owns.
B) how much the individual works.
C) how profitable the firm the individual works for is.
D) how much the individual has inherited.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q20: The marginal revenue product of labor is

Q77: What is a factor market?<br>A)It is a

Q103: Companies often find it to be more

Q140: Figure 17-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 17-4

Q160: Economic rent is defined as<br>A)what you pay

Q161: A firm might prefer to choose a

Q215: a.What are the two effects of an

Q259: Figure 17-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 17-3

Q275: Economic discrimination takes place when an employer<br>A)pays

Q276: Figure 17-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 17-6