Marginal Productivity Theory Is Directly Applicable

question 58

Multiple Choice

Marginal productivity theory is directly applicable:

• A)only in labour markets
• B)to labour and natural resources because both can be measured in standardized units
• C)to entrepreneurship because it is an intangible resource
• D)to all economic resources as it is always possible to calculate the marginal revenue product
• E)only in natural resource markets

---

Definitions:

Director

An individual who is responsible for guiding and overseeing the operations and strategic direction of an organization or a specific department within it.

Cast Members

A term commonly used in the entertainment industry, especially within theme parks like Disney, to refer to employees who perform roles, whether entertainment-based or operational.

Purist Approach

A methodology that emphasizes strict adherence to traditional principles or practices in a particular field, without adopting modern variations or innovations.

Pragmatic Approach

A practical, realistic method of dealing with problems or situations, based on practical rather than theoretical considerations.