Do any of the following contradict marginal productivity theory: (a) Wage scales related to length of service

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Do any of the following contradict marginal productivity theory:

(a) Wage scales related to length of service (incremental scales);

(b) Nationally negotiated wage rates;

(d) Firms taking the lead from other firms in determining this year’s pay increase?

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Economics

ISBN: 978-1292187853

10th edition

Authors: John Sloman, Jon Guest, Dean Garratt

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Question Posted: Apr 03, 2019 08:49 AM

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Do any of the following contradict marginal productivity theory: (a) Wage scales related to length of service

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Even if marginal productivity theory were not relevant in these cases the theory would still be accu...View the full answer

Economics

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