Marginal productivity theory states that
A) firms in price searcher product markets pay factors their marginal factor cost.
B) firms in perfect factor markets pay factors their equilibrium wages.
C) firms that are more productive, earn higher profits.
D) firms in perfect product and factor markets pay factors their marginal revenue products.
E) none of the above
Correct Answer:
Verified
Q139: For a given firm, marginal factor cost
Q140: The MPP of labor divided by its
Q141: Given an 8 percent increase in wages,
Q142: When deciding whether a person is "worth"
Q143: Given a 10 percent increase in wages,
Q145: Which of the following can change the
Q146: The elasticity of demand for labor is
Q147: Which of the following statements is true?
A)The
Q148: Which of the following does not affect
Q149: Given a 10 percent decrease in wages,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents