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The Demand for Resources


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IN THIS CHAPTER YOU WILL LEARN:

  1. The significance of resource pricing.


  2. How the marginal revenue productivity of a resource relates to a firm's demand for that resource.


  3. The factors that increase or decrease resource demand.


  4. The determinants of elasticity of resource demand.


  5. How a competitive firm selects its optimal combination of resources.










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McConnell Economics 18/e OLCOnline Learning Center

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