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Economics 12th Edition by William Baumol, Alan S Blinder
Edition 12ISBN: 978-0538453691Economics 12th Edition by William Baumol, Alan S Blinder
Edition 12ISBN: 978-0538453691 Exercise 12
"Marginal productivity does not determine how much a worker will earn-it determines only how many workers will be hired at a given wage. Therefore, marginal productivity analysis is a theory of demand for labor, not a theory of distribution." What, then, do you think determines wages Does marginal productivity affect their level If so, how
Explanation
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One would think that the supply and dema...
Economics 12th Edition by William Baumol, Alan S Blinder
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