I would assume inside of an office building with cubicles.
Marginal productivity theory assumes that a worker’s income is a function of the contribution of that worker to the value of the output. in business, this is called the "value-added" approach.
There is a correct theory called marginal productivity theory. Wages are paid at a level equal to the marginal revenue product of labor, the MRP (value of the marginal product of labor). MRP is the increase in income caused by the increase in output produced by the last employed worker.
The marginal productivity theory of income distribution proposes that each individual should receive income based on their contribution to total output. The marginal productivity theory of income distribution has been criticized for the following reasons. Income from inheritance is inconsistent with the theory.
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Answer:
3%
Explanation:
Data provided as per the question
Nominal interest rate = 100%
Inflation rate = 7%
The computation of the real interest rate is shown below:-
Real interest rate = Nominal interest rate - Inflation rate
= 10% - 7%
= 3%
Therefore, for computing the real interest rate we simply deduct the inflation rate from the nominal interest rate.
Answer:
485,000 units
Explanation:
The computation of the number of units manufactured is shown below:
= Number of units sold + ending finished goods units - beginning finished goods units
= 515,000 units + 87,000 units - 57,000 units
= 485,000 units
Basically we added the ending finished goods units and deduct the beginning finished goods units to the number of units sold
