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Notes for Chapter 3: (Marginal Product)
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Council for Economic Education
Econ Ed Link: Those Golden Jeans
Check out this informative economics lesson plan designed to review the three productive resources--natural resources, human resources, and capital resources--needed to produce goods and services.
Curated OER
Mrp = Change in Tr Divided by Change in Labor
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Mr = Change in Tr Divided by Change in Quantity of Output
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Mp = Change in Output Divided by Change in Labor
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Mrp = Mr X Mp
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Downward Sloping Mp Curve Diagram
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Demand Curve, Mr, and Ar Curves Under Alternative Output Markets
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Downward Sloping Mrp Curve Diagram
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Horizontal W=mfc Curve
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Mrp and Mfc Curves Together
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Mrp and Mfc Curves Together
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Mrp, S, and Mfc Curves for a Monopsonist
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Mrp, S, and Mfc Curves for a Monopsonist
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Mrp, S, and Mfc Curves for a Monopsonist
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Mrp, S, and Mfc Curves for a Monopsonist
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.
Curated OER
Labor Market Equilibrium With a Payroll Tax
This site provides a good analysis of the concepts of marginal product, marginal revenue product, marginal costs, and how a monopsonist determines wages and quantity of labor hired.