https://www.conservapedia.com/api.php?action=feedcontributions&feedformat=atom&user=Encyclopediajoe 2026-11-11T01:38:52Z User contributions MediaWiki 1.35.14 https://www.conservapedia.com/index.php?title=User_talk:Encyclopediajoe&diff=1084790 2014-04-28T04:09:19Z

<p>Encyclopediajoe: Created page with &quot;Hi, me.&quot;</p> <hr /> <div>Hi, me.</div>

Encyclopediajoe https://www.conservapedia.com/index.php?title=Marginal_productivity_theory_of_income_distribution&diff=1084786 2014-04-28T04:00:14Z

<p>Encyclopediajoe: Vandalism reversion</p> <hr /> <div>In [[economics]], the '''marginal productivity theory of income distribution''' refers to the idea that every [[factor of production]] that is sold in a [[factor market]] is paid its equilibrium value of the marginal product, or the additional value generated by employing the last unit of that factor in the factor market as a whole. In a perfectly competitive market for [[labor]], for example, wherein the wage rate is exogenously determined, a [[firm]] will hire workers up until the point at which the value of the marginal product of the final worker employed is equal to the wage rate. Note that all workers employed are paid the value of the marginal product of the final worker, not their own. <br /> <br /> ==Marginal productivity theory under imperfect competition==<br /> <br /> In a perfectly competitive market, the marginal revenue product of a factor of production is equal to its marginal physical product (the additional quantity produced by employing that factor) times its price. Because firms under [[perfect competition]] are [[price takers]], price will stay constant and MRP will be determined solely by changes in MPP.<br /> <br /> Under [[imperfect competition]], however, MRP will diminish more rapidly, as firms will have to lower prices in order to sell a greater quantity of goods or services. Whereas perfectly competitive firms face a horizontal [[demand curve]], oligopolies face a [[kinked demand curve]], and monopolies a downward-sloping one.<br /> <br /> ==Exceptions to marginal productivity theory==<br /> <br /> There are various exceptions to marginal productivity theory, particularly in the case of labor markets. [[Compensating differentials]], [[efficiency wages]], and [[employer discrimination]] all represent examples of situations in which this theory alone is not sufficient to account for the manner in which workers are paid.<br /> [[Category:Economics]]</div>

Encyclopediajoe https://www.conservapedia.com/index.php?title=Talk:Prodigal_Son&diff=1084785 2014-04-28T03:57:44Z

<p>Encyclopediajoe: Created page with &quot;I'm not sure if we should be so hard on the elder son. It seems that he might be guilty of knowing the rules (anyone with older brothers may understand this better). The elder ch...&quot;</p> <hr /> <div>I'm not sure if we should be so hard on the elder son. It seems that he might be guilty of knowing the rules (anyone with older brothers may understand this better). The elder children seem to have the burden of &quot;knowing betting&quot;. While I don't agree with it, It seems like younger children get &quot;spared the rod&quot; so to speak. [[User:Encyclopediajoe|Encyclopediajoe]] 23:57, 27 April 2014 (EDT)</div>

Encyclopediajoe https://www.conservapedia.com/index.php?title=User:Encyclopediajoe&diff=1084749 2014-04-28T01:38:01Z

<p>Encyclopediajoe: Created page with &quot;Hi all! I'm new here on Conservapedia, especially with regards to contributions, being a registered user, ect.. If anyone has any advice, especially on where to start, please don...&quot;</p> <hr /> <div>Hi all! I'm new here on Conservapedia, especially with regards to contributions, being a registered user, ect.. If anyone has any advice, especially on where to start, please don't hesitate to impart your knowlege. Thanks.</div>

Encyclopediajoe