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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