marginal productivity वाक्य
उदाहरण वाक्य
मोबाइल
- The figure is a traditional expression of average productivity and marginal productivity.
- The reason behind this is the diminishing marginal productivity of labor.
- The maximum for production performance is achieved at the volume where marginal productivity is zero.
- However, marginal productivity ethics were defended by George Stigler.
- Adam Smith, in his theory, has not assumed his production function to have Diminishing marginal productivity.
- The marginal productivity of an engineer is 16 times that of unskilled production workers, yet the wage differential is only five-fold.
- Similarly, owners of machines and real estate are compensated according to the marginal productivity of their capital's contribution to marginal output.
- Under these models, wages are not determined strictly by the supply and demand for labor but by the marginal productivity of workers.
- Poor countries have more labor relative to capital, so marginal productivity of labor is greater in rich countries than in poor countries.
- Furthermore, he emphasises the marginal productivity of computing technology affects standard of living in a much more contained fashion than the earlier great American inventions.
- In Germany, the procedure was used earlier to estimate the marginal productivity of R & D and other factors of production ( Brockhoff 1970 ).
- The inequality generated in markets like these is thus greater than that which is expected by economists who have a good grounding in marginal productivity theory.
- His main approaches revolved around the labor theory of value, an analysis of capital and distribution theory ( based on a concept of marginal productivity ).
- The idea that payments to factors of production equilibrate to their marginal productivity had been laid out by John Bates Clark and Knut Wicksell, in simpler models.
- Monopsony is commonly applied to buyers of labour, where the employer has wage setting power that allows it to exercise Pigouvian exploitation and pay workers less than their marginal productivity.
- When the point On is reached all the available land has already been cultivated due to the high intensive labour techniques used and the marginal productivity of labour falls below zero.
- Total agricultural product will remain unchanged while total industrial product increases due to the addition of labour, but the additional labour also drives down marginal productivity and wages in the manufacturing sector.
- In the Pareto optimum, on the other hand, the exchange relations between commodities are not only determined by their marginal utility, but also by the marginal productivity of the factors of production available.
- Part I of the book takes as its starting point a reformulation of the marginal productivity theory of wages as determined by supply and demand in full competitive equilibrium of a free market economy.
- Improvement in the marginal productivity of labour in the agricultural sector is assumed to be a low priority as the hypothetical developing nation's investment is going towards the physical capital stock in the manufacturing sector.
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