Economy, asked by ganesh4718, 8 months ago

N the ricardian model, the marginal product of labor:

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Answered by ItsShreedhar

0

Answer:

$As in the Ricardian model, labor is the mobile factor between the two industries. Optimal allocation of laborbetween two industries: Value ofmarginal product of labor must be equal in the two industries. ... Incompetitive markets, each factor receives its marginal product. \$

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