Problem
1. If you have a contract under which you will be paid $10,000 two years from now, why do you become richer if the rate of interest falls?
2. Do you know any entrepreneurs? How do they earn a living? How do they differ from managers?
3. "Marginal productivity does not determine how much a worker will earn-it determines only how many workers will be hired at a given wage. Therefore, marginal productivity analysis is a theory of demand for labor, not a theory of distribution." What, then, do you think determines wages? Does marginal productivity affect their level? If so, how?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.