Do entrepreneurs deserve the money they make? Answer according to marginal productivity theory.
Question:
Do entrepreneurs “deserve” the money they make? Answer according to marginal productivity theory.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
According to marginal productivity theory entrepreneurs deserve the money they make because they con...View the full answer
Answered By
Shebla K
I am an MBA graduate having experience as an Assistant Professor at University level for two years. I always prepare well for a class as I believe that only if you become an ocean you can give a bucket of water. Being a teacher was not only my profession but also my passion.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Economics An Introduction To Traditional And Progressive Views
ISBN: 9780765616685
7th Edition
Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers
Question Posted:
Students also viewed these Business questions
-
1. In the classical model, it is thought that the long-run: A. and short-run aggregate supply curves are both upward sloping. B. aggregate supply curve is vertical and the short-run aggregate supply...
-
Are there dangers with incarcerating young people in detention facilities? What about the potential for negative long-term impact? Using three documented examples of misconduct/mistreatment of youth...
-
The End of the Capitalist Era, and What Comes Next: 1. Pre-reading: Read the title to figure out what is the text about and read the short biography about the author 2. While reading the text:...
-
How does the trade-off between decision management and decision control affect the form that an absorption cost system takes within a particular firm?
-
The following income statement (in millions) is adapted from the 2004 10-K filing of Time Warner: Revenues .................... $42,089 Cost of revenues ................. 24,449 Gross profit...
-
Using real-world examples, evaluate the view that a government's fiscal policy can be both a cause of inequality and a means of reducing inequality.
-
When conducting an incremental analysis, what step must always be taken immediately prior to beginning the pairwise comparisons? a. Order the alternatives from highest to lowest initial investment b....
-
Frevert purchased a new piece of equipment to be used in its new facility. The $370,000 piece of equipment was purchased with a $50,000 down payment and with cash received through the issuance of a...
-
-> Let G and H be groups. A function : G H is called a (group) homomorphism if it satisfies (9192) = (91) * (92) for all 91, 92 G. (Note that the product 91*92 uses the group law in the group G,...
-
Using diagrams, illustrate a. Why offshore oil workers have higher wages than on-shore oil workers. b. How human capital raises a workers wage. c. Why Alaskan workers have higher wages than workers...
-
How can marginal productivity theory be used to explain wage differentials? Give specific examples.
-
Using truth tables, express each one of the following functions and their complements in terms of sum of minterms and product of maxterms: (a) F = ABC + ABD + A B C + ACD (b) F = (W+ X + Y)(WX + Y)...
-
Find A U B. (Use the roster method to write the set. Enter EMPTY or for the empty set.) A = {-6, -3, -1} B = {-1, 1, 3} AUB=
-
Find f(a+h)-f(a) for the function. Simplify your answer. f(x) = x 3x + 9 f(a+h)-f(a) = X
-
John would like to have $25000 in 5 years. If he invests in an annuity earning 4% compounded monthly, how much should he deposit per month to reach his goal?
-
If you knew only the circumference of one of the smaller circles in this figure, you could find the circumference of the larger circle by multiplying the smaller circumference by 2. 1 cm 1 cm 1 cm 1...
-
Multiply or divide the following measurements. Be sure each answer you enter contains the correct number of significant digits. 406.0 mol 0.62 L 20.94 g mL x 38. mL 322.2 m 49.623 s Prane AUR mol 07...
-
Gammon, Inc., declared dividends during the current year as follows: The current years cash dividend on the 6 percent, $100 par value preferred stock. 100,000 shares were outstanding at the time of...
-
On 1 July 2018, Parent Ltd acquired all the shares of Son Ltd, on a cum-div. basis, for $2,057,000. At this date, the equity of Son Ltd consisted of: $ 1,000,000 Share capital 500 000 shares...
-
What is meant by going private? What are some advantages and disadvantages?
-
How do companies manage the maturity structure of their debt? MINI CASE Randys, a family-owned restaurant chain operating in Alabama, has grown to the point where expansion throughout the entire...
-
Under what conditions would a firm exercise a bonds call provision? MINI CASE Randys, a family-owned restaurant chain operating in Alabama, has grown to the point where expansion throughout the...
-
Michaela would like to construct a fence around her house. The scale on her property map is 1 inch to 3 feet. If the perimeter of her property on the map is 15 inches, how many feet of fencing will...
-
Can Windows Server 2012 be 32bits and 64bits? 5. What is special about Virtualization? 6. How can you start a Task Manager in Windows? 7. What is a process file? 8. List all the storage solutions? 9....
-
In January, Jane volunteered at a hospital for a total of 12 hours. She spent (4)/(5) hour at the hospital every time she volunteered. How many times did Jane volunteer in January?
Study smarter with the SolutionInn App