Question: Marginal productivity does not determine how much a worker will earn-it determines only how many workers will be hired at a given wage. Therefore, marginal

"Marginal productivity does not determine how much a worker will earn-it determines only how many workers will be hired at a given wage. Therefore, marginal productivity analysis is a theory of demand for labor, not a theory of distribution." What, then, do you think determines wages? Does marginal productivity affect their level? If so, how?

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