AP Economics – 12/19/19
I. Bellwork: Pgs 731
A. 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:
- FRQ Problems 4-6 on iLearn
- On iLearn: Section 13 Review Modules 69-71 & 73
V. Section 13 Exam Friday
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