<Ul> <Li> Some might be confused by the fact that L = 44.625 (\ displaystyle L = 44.625) as intuition would say that labor should be discrete . Remember, however, that labor is actually a time measure as well . Thus, it can be thought of as a worker not working the entire hour . </Li> </Ul> <Li> Some might be confused by the fact that L = 44.625 (\ displaystyle L = 44.625) as intuition would say that labor should be discrete . Remember, however, that labor is actually a time measure as well . Thus, it can be thought of as a worker not working the entire hour . </Li> <P> In the aftermath of the marginal revolution in economics, a number of economists including John Bates Clark and Thomas Nixon Carver sought to derive an ethical theory of income distribution based on the idea that workers were morally entitled to receive a wage exactly equal to their marginal product . In the 20th century, marginal productivity ethics found few supporters among economists, being criticised not only by egalitarians but by economists associated with the Chicago school such as Frank Knight (in The Ethics of Competition) and the Austrian School, such as Leland Yeager . However, marginal productivity ethics were defended by George Stigler . </P>

How to find the value of marginal product of labor