微观经济学教学课件：Ch17-Markets for Factors of Production.pptVIP

After studying this chapter you will be able to Explain the link between a factor price and factor income Explain what determines demand, supply, the wage rate, and employment in a competitive labor market Explain why wage rates can be higher or lower than those in a competitive labor market Explain what determines demand, supply, the interest rate, saving, and investment in the capital market Explain what determines demand, supply, price, and the rate of use of a nonrenewable resource Explain the concept of economic rent and distinguish between economic rent and opportunity cost Many Happy R