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1. How factors of production—resources like land, labor, and both physical and human 1. How factors of production—resources like land, labor, and both physical and human

1. How factors of production—resources like land, labor, and both physical and human - PowerPoint Presentation

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Uploaded On 2018-11-07

1. How factors of production—resources like land, labor, and both physical and human - PPT Presentation

2 How the demand for factors leads to the marginal productivity theory of income distribution 3 An understanding of the sources of wage disparities and the role of discrimination 4 The way in which a workers decision about time allocation gives rise to labor supply ID: 719248

marginal labor income factor labor marginal factor income wage product rate distribution workers capital productivity quantity 000 production market

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