Economy, asked by nningale969, 11 months ago

Marginal productivity theory of distribution classical version

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Answered by palak5354

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Explanation:

The marginal productivity theory of distribution, as developed by J. B. ... According to this theory, the price (or the earnings) of a factor tends to equal the value of its marginal product. Thus, rent is equal to the value of the marginal product (VMP) of land; wages are equal to the VMP of labour and so on.

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