marginal productivity

The ceiling rate is determined by the marginal productivity of speculation.

Private sector capital investment ceased, and labor's marginal productivity began to decline.

The figure is a traditional expression of average productivity and marginal productivity.

Let w be the wage rate (marginal productivity of labor) in the rural agricultural sector.

As a result, the agricultural rural wage is equal to agricultural marginal productivity.

The maximum for production performance is achieved at the volume where marginal productivity is zero.

This makes the first component, marginal productivity, nil.

However, marginal productivity ethics were defended by George Stigler.

Under these models, wages are not determined strictly by the supply and demand for labor but by the marginal productivity of workers.

Adam Smith, in his theory, has not assumed his production function to have Diminishing marginal productivity.

Ricardo observed that marginal productivity of all the factors invariably declines unless it is monitored by technological progress.

Many of them were forced to resettle although the marginal productivity of both the mid wealth group and the poor group did not differ.

Marginal productivity may refer to:

Intervening in the balance of social power between companies and unions for the benefit of workers, who could otherwise only hope to earn their marginal productivity.

The marginal productivity of capital is shown by MUK and MG.

Consider the assumptions which are required before we can regard the marginal productivity of labour curve as the actual demand curve for labour.

Furthermore, he emphasises the marginal productivity of computing technology affects standard of living in a much more contained fashion than the earlier great American inventions.

He introduces the marginal productivity theory which implies the more economically productive one is the more he or she contributes to society.

It is now widely acknowledged that Keynes accepted the classical theory of the demand for labour in the form of marginal productivity theory.

Much of the emotion behind the debate arose because the technical criticisms of marginal productivity theory were connected to wider arguments with ideological implications.

Patinkin argued that, in times of demand deficient unemployment, the marginal productivity theory of the demand for labour was, quite simply, irrelevant.

His main approaches revolve around the labor theory of value, an analysis of capital and distribution theory (based on a concept of marginal productivity).

Poor countries have more labor relative to capital, so marginal productivity of labor is greater in rich countries than in poor countries.

This results not only in a shift along the marginal productivity of labour curves, but in shifts in the positions of the curves.

As a result, the agricultural sector has a quantity of farm workers that are not contributing to agricultural output since their marginal productivities are zero.