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PART 6 PowerPoint Presentation

PART 6

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PART 6

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  1. PART 6 HOW INCOMES ARE DETERMINED 18 Demand and Supply in Factor Markets CHAPTER

  2. The Value of the Marginal Product at Max’s Wash ‘n’ Wax Figure 18.1 The Demand for Labor at Max’s Wash ’n’ Wax: Value of Marginal Product Figure 18.2(a) The Demand for Labor at Max’s Wash ’n’ Wax: Demand for Labor Figure 18.2(b) An Individual’s Labor Supply Curve Figure 18.3

  3. Figure 18.4 The Supply of Car Wash Workers Labor Market Equilibrium Figure 18.5 Figure 18.6 Financial Market Equilibrium Figure 18.7 A Market for Land Figure 18.8 Economic Rent and Opportunity Cost

  4. Eye On the U.S. Economy Reallocating Labor Eye On the U.S. Economy Interest Rate Fluctuations