Marginal productivity theory implies that in a perfectly competitive market economy, a worker will receive income
A) that is less than the value of her marginal contribution to the production process.
B) equal to the value of her marginal contribution to the production process.
C) that is greater than the value of her marginal contribution to the production process.
D) greater than, less than, or equal to the value of her marginal contribution to the production process, depending on her ability to negotiate with employers.
Question 2
The marginal productivity theory of income states that a person's total income is determined by
A) how much the individual works.
B) how profitable the firm the individual works for is.
C) how much the individual has inherited.
D) the amount and productivity of factors of production the individual owns.
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