METROPOLITAN INTERNATIONAL UNIVERSITY

FACULTY OF BUSINESS AND MANAGEMENT SCIENCE

INDIVIDUAL COURSE WORK ASSIGNMENT

MICRO ECONOMICS – YEAR ONE , SEMESTER ONE

Question :
a- Explain the concept of Marginal productivity and its role in determining the factor

prices.

b- Discuss the factors that influence the marginal productivity of labour and capital.

c- Critically evaluate the assumptions and limitations of the marginal productivity

theory of distribution.