Sentence examples for marginal productivity of from inspiring English sources
That said, it is still a book about economics, and many readers will find it hard going when they get to the sections on the Cobb-Douglas production function and the marginal productivity of capital.
Any further increases in the marginal productivity of labor in primary production will have an impact on the wage rate of the economy, as the labor market equilibrium is now pleft[ {fleft( {frac{{N_{1} }}{{L - L_{2} }}} right) - f_{N} left( {frac{{N_{1} }}{{L - L_{2} }}} right)frac{{N_{1} }}{{L - L_{2} }}left[ {1 - varepsilon } right]} right] = K_{2} tilde{h}^{prime } left( {L_{2} } right) = w.
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).
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.
"But here, since we've opened the gates to imported labour, we're talking about the marginal productivity of labour in Bangladesh".
Our model allows determining the marginal productivities of port facilities.
Land transfers permit households with higher marginal productivities of land to acquire land from households with lower marginal productivities, and induce a better allocation of household labor endowments in response to outside employment opportunities, such as those in off-farm activities.
The availability of such data allows us to test the equality of wage and marginal productivity for groups of workers with different characteristics.
Barone also worked on the marginal productivity theory of distribution independently of British economist Philip Wicksteed.
The concept of marginalism in consumption led eventually to the idea of marginal productivity in production, and with it came a new theory of distribution in which wages, profits, interest, and rent were all shown to depend on the "marginal value product" of a factor.
