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The marginal productivity theory of distribution is a fundamental concept in microeconomics that explains how the factors of production—land, labor, and capital—are remunerated according to their contribution to the production process. According to this theory, each factor is paid the value of its marginal product, which is the additional output generated by employing one more unit of that factor while keeping other factors constant. In simpler terms, a worker, for instance, receives wages ___ ________ _______ ___ _____ ______.
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