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marginal products, the total wage bill will be less than the total product. Conversely, if there are increasing returns to scale and workers' wages equal their marginal products, the total wage bill will be more than the value of their output.
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Box-jenkins (C1)<br />A methodological approach to the study of TIME SERIES which has improved shortterm economic forecasting by following the method of identification of economic relationships and then estimation of them and diagnostic checking.<br /><em>Reference</em><br />Box, G.E.P and Jenkins, G.M. (1970) Time Series Analysis: Forecasting and Control, San Francisco: Holden-Day.
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