Sentence examples for marginal productivity from inspiring English sources

Nevertheless, with discrimination, employers do not pay workers at marginal productivity and take non-productive worker characteristics into account.

Another difficulty arises from the fact that marginal productivity assumes that the factors of production can be added to each other in small quantities.

It can, for example, measure the marginal productivity of a particular factor of production (i.e., the change in output from one additional unit of that factor).

In Fig. 3, this outcome is represented by the dotted lines that indicate the shifting out of the marginal productivity curve for labor use in primary production.

The Marginalists generally held that profit and interest were related to the marginal productivity of the extension of the period of production.

This one-sided view held that wages were determined by the "marginal productivity of labour"—that is, by the relationships of production and by consumer demand.

A wedge between a worker's wage and marginal productivity may also arise if a job involves team production or if the firm output is time-sensitive [9, 11].

According to the marginal productivity theory, the wage rate is equal to the partial derivative of the production function, or ∂Q/∂L.

Toward the end of the 19th century, marginal-productivity analysis was applied not only to labour but to other factors of production as well.

Some critics feel that the unrealistic nature of its assumptions makes marginal-productivity theory completely untenable.

Such management implies the antithesis of marginal-productivity theory for two reasons.