Doors may open that would have otherwise remained closed to a foreigner abroad.Some people want to help Slovak society move forward, other people like the challenge of itThe marginal product
of your effort can be much greater at home.
However, firms find it challenging to strike a balance between maximizing their marginal product
of labor and minimizing the costs of labor in a delayed-retirement world.
The MRP is equal to the product of the marginal product
of labour (MPL) and the marginal revenue (MR) of output, given by MRxMP: = MRPL.
In the initial equilibrium, the marginal product
and marginal disutility of labor are, respectively, higher and lower than during the transition.
Since under the assumed competitive conditions the marginal product
of a factor equals the price of its service, this price also equals capital's marginal product
In economic study, the principal marginal values of indicators are marginal product
, margin utility, marginal profit, marginal cost, marginal revenue, marginal tendency to save and consume, marginal tax rate, marginal demand, and some others.
Previous research has indicated that through a sequence of such marginal product
reformulations, it may be possible to undertake more substantial changes in food products' nutritional characteristics, and still maintain consumers' acceptance of the products."
The innovative tendencies of the young tend to raise the marginal product
of capital and the real interest rate.
Our framework implies an arbitrage relationship that links the risk-free real interest rate to the marginal product
of capital, or MPK (the additional output from an extra unit of physical capital, such as machinery); the depreciation rate of capital; and the risk premium (which captures the riskiness of a capital investment).
Since profit maximization entails that marginal productivity of labor is equal to the real wage rate and marginal product
of capital is the price per unit of capital, it would imply that:
This says that the values of the marginal product
of labor ([MPL.sub.i]) and the marginal product
of capital (MPK,) are proportional to average labor productivity and capital productivity, respectively.