Marginal Productivity Theory Implies That a Worker Will Be Paid

question 145

Multiple Choice

Marginal productivity theory implies that a worker will be paid an amount

• A)equal to his or her contribution to the productive process.
• B)less than his or her contribution to the productive process.
• C)greater than his or her contribution to the productive process.
• D)determined by his or her individual bargaining.

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Definitions:

Inversely Related

A term describing two variables that move in opposite directions; as one increases, the other decreases.

Inferior Good

A type of good for which demand decreases as the income of individuals increases, inversely related to the financial well-being of the consumer.

Tuna Fish Sandwiches

A type of sandwich made primarily from canned tuna fish and other ingredients such as mayonnaise and celery.

Substitutes

Goods or services that can be used in place of each other, satisfying the same needs or wants.