marginal productivity वाक्य
उदाहरण वाक्य
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- They would result in inefficient resource allocation if imposed on a competitive market or where market imperfections do not justify a subsidy, by diverting economic resources away from areas where their marginal productivity would be higher.
- Several researchers have questioned however to what extent additional hours worked really increase the marginal productivity of labour; particularly in services, the work that gets done in five days could often also be done in four.
- Eventually, the wage rates of the agricultural and manufacturing sectors will equalize as workers leave the agriculture sector for the manufacturing sector, increasing marginal productivity and wages in agriculture whilst driving down productivity and wages in manufacturing.
- Assuming that the firm is operating with diminishing marginal returns then the addition of an extra worker reduces the average productivity of every other worker ( and every other worker affects the marginal productivity of the additional worker ).
- This was explored in a major debate in the 1960s the " Cambridge capital controversy " about the validity of neoclassical economics, with an emphasis on economic growth, capital, aggregate theory, and the marginal productivity theory of distribution.
- I tested him by means of a question about the " Wicksell effect ", i . e . the special aspects of the marginal productivity of capital, which at that time was practically unknown in most countries outside of Scandinavia.
- The superficiality stems from the fact that those who support this reduction forget that the Cambridge capital controversy called the entire concept of marginal productivity into question by attacking not Clark's special case assumptions but the notion that physical capital can be aggregated.
- Over time as this transition continues to take place and investment results in increases in the capital stock, the marginal productivity of workers in the manufacturing will be driven up by capital formation and driven down by additional workers entering the manufacturing sector.
- Lazear ( 1979, 1981 ) demonstrates the use of seniority wages to solve the incentive problem, where initially workers are paid less than their marginal productivity, and as they work effectively over time within the firm, earnings increase until they exceed marginal productivity.
- Lazear ( 1979, 1981 ) demonstrates the use of seniority wages to solve the incentive problem, where initially workers are paid less than their marginal productivity, and as they work effectively over time within the firm, earnings increase until they exceed marginal productivity.
- In 1894, Wicksteed published his celebrated " An Essay on the Co-ordination of the Laws of Distribution ", in which he sought to prove mathematically that a distributive system which rewarded factory owners according to marginal productivity would exhaust the total product produced.
- In his 1966 paper " Marginal Productivity and the Macro-Economic Theory of Distribution : Comment on Samuelson and Modigliani " Nicholas Kaldor introduced this relationship as part of his broader theory, co-authored by Luigi Pasinetti, of a macroeconomic theory of distribution that was non-marginalist.
- Although initially the debate was focused on the measurement of capital, more basic questions quickly began to emerge concerning the validity of the marginal productivities, given technology, competitive equilibrium and the production of a single good, the production function allowed getting three noteworthy conclusions:
- At point " N ", the curve shapes horizontally and this point N conforms to the point G in ( C, which shows the marginal productivity of labor ( MPP L ) curve, and with point s on the ridge line Ov in ( A ).
- However, Tainter is not entirely apocalyptic : " When some new input to an economic system is brought on line, whether a technical innovation or an energy subsidy, it will often have the potential at least temporarily to raise marginal productivity " ( p . 124 ).
- Those " classified " under the poor group are eligible for resettlement to a place not under the administration of towns with PSNP . Many of them were forced to resettle although the marginal productivity of both the mid wealth group and the poor group did not differ.
- So, even if in the range of Samuelso and Modigliani the rate of profit were to be determined by the marginal productivities ( and not by the Cambridge equation as in the general case ), its scope would be extremely limited, being confined to a quasi knife-edge range:
- He was further noted for producing a theory of interest and of profit in equilibrium based upon the interaction of diminishing marginal utility with diminishing marginal productivity of time and with time preference . and, with modifications including formal disregard for time-preference, by Wicksell's American rival Irving Fisher .)
- I think we're going to see more of that in the U . S . economy because pay rates over the past five years have now been squeezed so that they are running below the productivity curve and economic theory suggests that workers should be paid their marginal productivity contribution.
- The occupations that foreign unskilled workers fall into may in some cases actually be complements to the occupations of domestic unskilled workers, and, therefore, the work of the foreign unskilled workers could raise the marginal productivity of domestic laborers, rather than reduce their wages and employment rates as the traditional model predicts.
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