The theoretical basis for zero marginal productivity of labor was the concept of ?
Correct answer: D. limited technical sustainability of factors
- A. marginal rate of substitution
- B. labor force literacy
- C. substitution of leisure and work among labor
- D. limited technical sustainability of factors
Explanation
The zero-marginal-product idea is associated with limited technical substitutability among factors, especially in models of surplus or disguised labour. The intended phrase behind option d is likely limited technical substitutability of factors.
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