'Perfectly competitive product market' presentation slideshows

Unit 6: The FACTOR MARKET

Unit 6: The FACTOR MARKET. (aka: The Resource Market or Input Market). Unit 5: The Factor Market. Length: 5-6 Lessons Chapters: 12 & 13 in packet Good News: Only one Graph to learn (PC vs. Monopsony) Application of things we have already learned. Basically just Supply and Demand.

1.09k views • 84 slides

Unit 6: The FACTOR MARKET

1.17k views • 84 slides

Unit 5: The Resource Market

Unit 5: The Resource Market. Perfectly Competitive Labor Market and Firm. Market. Firm. S L. Wage. Wage. ?. $10. D L. Q. Q. 5000. Marginal Resource Cost. =. Marginal Resource Cost (MRC). The additional cost of an additional resource (worker).

339 views • 33 slides