Which of the following is not included in the assumptions of Clark's marginal productivity of distribution
A) Perfect competition
B) Constant population
C) Constant amount of capital
D) Labour is heterogeneous
Correct Answer:
Verified
Q3: The return to a factor of production
Q4: The marginal productivity theory of distribution was
Q5: The 'iron law of wages' is
A)The wage-fund
Q6: According to Prof Knight, profit is the
Q7: The uncertainty-bearing theory of profit was propounded
Q9: Marginal productivity theory is also called
A)Real theory
B)Classical
Q10: Subsistence theory of wages was used by
A)Karl
Q11: Profit is also known as
A)Contractual rent
B)Residual income
C)Net
Q12: Changes in the rate of interest affect
Q13: The marginal productivity theory of distribution is
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