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The Demand for Resources


In this chapter you will learn:
  • The significance of resource pricing.
  • How the marginal revenue productivity of a resource relates to a firm's demand for that resource.
  • The factors that increase or decrease resource demand.
  • The determinants of elasticity of resource demand.
  • How a competitive firm selects its optimal combination of resources.










McConnell, Microeconomics 17eOnline Learning Center

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