Formulated 1890’s distribution theory. States that until its marginal product value, which is revenue or yield resulting from the input, equals the input’s cost, capital and/or labor input to production will continue to increase.
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Formulated 1890’s distribution theory. States that until its marginal product value, which is revenue or yield resulting from the input, equals the input’s cost, capital and/or labor input to production will continue to increase.
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