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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