Documents Factor Markets

Factor Markets aka Resource Markets… aka Input Markets Factor Markets: KEY CONCEPTS 1. Factor Demand is Derived from Product Demand 2. MRP = Marginal Revenue Product MFC…

Documents Factor Markets aka Resource Markets… aka Input Markets.

Factor Markets aka Resource Markets… aka Input Markets Factor Markets: KEY CONCEPTS 1. Factor Demand is Derived from Product Demand 2. MRP = Marginal Revenue Product MFC…