True/False
According to the marginal productivity theory of income distribution,if a unit of labour is paid more than a unit of capital,it is because,at the equilibrium quantity of each factor,the value of the marginal product of labour is equal to the value of the marginal product of capital.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Above-equilibrium wages paid by some employers as
Q152: In the factor market for land,equilibrium rental
Q170: Use the following to answer questions
Q172: A firm's demand curve for labour is:<br>A)
Q173: If an individual labour supply curve is
Q174: Use the following to answer questions
Q176: Use the following to answer questions
Q178: Judy's individual labour supply curve is positively
Q179: Use the following to answer questions
Q180: All perfectly competitive fast-food firms are hiring