Economics · Microeconomics - Distribution Theory
The Marginal Productivity Theory of Distribution states that under perfect competition, each factor of production receives income equal to the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Subsistence cost of the factor
- 2Total productivity of the firm
- 3Value of its marginal product✓
- 4Average revenue product of the factor
Correct answer
Value of its marginal product
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