0
1:income of consumer do not remain constant for a every long time
2:price of the commodities change from time to time
3:taste of the consumers varies with time
4:the principle on which the consumer decide to spend the given amount will also get affective
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoi know about some criticisms of marginal productivity. i.e.
1 homogeneous units
2 no close substitute
3 perfect competition and full employment
4 law of diminishing returns
5 difficulty in measurement
6 supply of factors
7 wage cut
8 withdrawal may cause a lose
9 labor supply is ignored
10 technological changes
11 joint efforts of various factors
Add your answer:
Earn +20 pts
Define the marginal production theory?
if the situation of perfect competition prevails in the economy then reward to each factor will equal to its productivity
What is Marginal productivity theory and explain its criticism?
i dnt knw it yaaaaaaaaaaar. agar mujy ata tou likh na deta?
Marginal productivity of labour and the demand for labour .?
Graphically illustrate and explain the relationship between marginal productivity of labour and the demand for labour .
How does the law of diminishing marginal productivity affect the cost of productions?
When marginal productivity is diminished, the cost of productions can decrease if the marginal costs for making an extra product is larger than the marginal revenue for that 1 extra unit product.
What would happen to marginal and average productivity if a technological innovation were introduced to the production process?
Marginal and Average productivity increases when technological innovations are introduced into production process.
Who propounded marginal productivity theory of distribution?
TAUSSIG
Define the marginal production theory?
if the situation of perfect competition prevails in the economy then reward to each factor will equal to its productivity
What is Marginal productivity theory and explain its criticism?
i dnt knw it yaaaaaaaaaaar. agar mujy ata tou likh na deta?
Marginal productivity of labour and the demand for labour .?
Graphically illustrate and explain the relationship between marginal productivity of labour and the demand for labour .
How does the law of diminishing marginal productivity affect the cost of productions?
When marginal productivity is diminished, the cost of productions can decrease if the marginal costs for making an extra product is larger than the marginal revenue for that 1 extra unit product.
What has the author Carola Jacobi written?
Carola Jacobi has written: 'Hausfrauen, Bauern, Marginalisierte' -- subject(s): Production (Economic theory), Marginal productivity
What is marginal revenue?
Marginal revenue is the change in total revenue over the change in output or productivity.
What would happen to marginal and average productivity if a technological innovation were introduced to the production process?
Marginal and Average productivity increases when technological innovations are introduced into production process.
Those who advocate the marginal productivity theory of income distribution argue that?
Resource markets will set incomes based on workers' contributions to the output of scarce goods and services
What is the impact of marginal productivity on a construction firm?
the impact of produvtivity
Discuss in details of productivity and labor welfare?
oWhat is the relationship between Marginal Productivity of Labour and Labour welfare
What are the limitations of valence bond theory?
limitations of valence bond theory
