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Monday, February 24, 2014
My explain-er on the Demand for Labor in a Perfectly Competitive Labor Market. Might be useful for AP teachers and students alike.
Can you tell we are getting closer to the AP Micro test in May? Here is a PPT on one part of the Labor Market---Perfectly Competitive Labor Market where a wage is established and the Firms are "Wage Takers"---they can hire as many workers as fits their "Marginal Revenue Product" (defined within).
Excuse some of the bad formatting that you will see.
As always, let me know of any mistakes in content. I can always be better and make the presentation better.