AP Economics – 12/20/18

I.  Bellwork:  Pgs 729-731

A,  MC 1-12

B.  Free Response #1

III.  Objectives

  • Explain how the factor markets determine the factor distribution of income
  • Explain how the demand for the factors of production leads to the marginal productivity theory of income distribution
  • Determine the equilibrium wage and level of employment in the labor market for firms operating in perfectly and imperfectly competitive markets

IV.  Classwork/Review:

  • 12 questions with correct answers from Section 13 review
  • Section  13 Exam Friday


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