The marginal productivity theory of distribution was firstly formulated in its complete form by

Related MCQs

• The marginal productivity theory of distribution is associated with
• Which of the following is not included in the assumptions of Clark’s marginal productivity of distribution
• Marginal productivity theory is also called
• Under Marginal productivity Theory, reward for labour is determined by
• The necessary condition for allocative efficiency is that each commodity be produced in an amount that makes the marginal benefit to society of the last unit produced equal to the marginal cost to society of that last unit. The satisfaction of this condition in a market economy relies on the assumptions of:
• The concept of Social Welfare function was firstly introduced by
• The marginal condition for a Pareto-optimal or -efficient distribution of commodities among consumers requires that the MRS between ______ be equal for all consumers.
• If marginal product of labour rises because of new technology:
• The marginal condition for a Pareto-optimal allocation of factors requires that the ________ between labour and capital be equal for all commodities produced by different firms.
• In Pareto welfare economics, Efficiency of distribution of commodities among consumers is related to