According to the Neoclassical Theory of Distribution, If Firms Are

question 67

Multiple Choice

According to the neoclassical theory of distribution, if firms are competitive and subject to constant total income in the economy is distributed:

• A)only to the labor used in production.
• B)partly between labor and capital used in production, with the surplus going to the owners of the firm as profits.
• C)equally between the labor and capital used in production.
• D)between the labor and capital used in production, according to their marginal productivities.

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Definitions:

Ionic Bonding

Ionic bonding is the chemical bond formed through the electrical force between oppositely charged ions, typically between metals and nonmetals.

Lewis Structure

A Lewis structure is a diagrammatic representation of the arrangement of valence electrons around atoms in molecules, indicating the bonding between atoms as well as the lone pairs of electrons.

Ethyne

A colorless gas with a sharp, distinct odor; the simplest alkyne, it is a hydrocarbon with the formula C2H2.

Acetylene

A hydrocarbon and the simplest alkyne, used as a fuel and a chemical building block, recognized by its formula C2H2.