Marginal Productivity Theory Implies That in a Perfectly Competitive Market

question 178

Multiple Choice

Marginal productivity theory implies that in a perfectly competitive market economy, a worker will receive income

• A)equal to the value of her marginal contribution to the production process.
• B)that is greater than the value of her marginal contribution to the production process.
• C)that is less than the value of her marginal contribution to the production process.
• D)greater than, less than, or equal to the value of her marginal contribution to the production process, depending on her ability to negotiate with employers.

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Definitions:

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