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MARGINAL PRODUCT OF LABOR AND CAPITAL
sites.math.northwestern.edulabor and capital used. For example, for the Cobb-Douglas production function Q = f(L,K) = ALa Kb. For a given amount of labor and capital, the ratio Q K is the average amount of production for one unit of capital. On the other hand the change in the production when the labor is fixed and the capital is changed
Wage Labor and Capital - Marxists
www.marxists.orgWage Labour and Capital (Engels) This pamphlet first appeared in the form of a series of leading articles in the Neue Rheinische Zeitung, beginning on April 4th, 1849. The text is made up of from lectures delivered by Marx before the German Workingmen’s Club of Brussels in 1847. The series was never completed.