AP Micro: Unit 7 Screencast 1 - Introduction to Resource Markets: MRP and MRC
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YouTubeAP Economics Screencasts
AP Micro: Unit 7 Screencast 1 - Introduction to Resource Markets: MRP and MRC
Main Topics: Resource markets, derived demand, Marginal Revenue Product (MRP), Marginal Resource Cost (MRC), and the rule for employing resources (MRP = MRC). To download a copy of the screencast notes click https://docs.google.com/presentation/d/1uOZFay_WxNDybrV1d5tFfmPA2t2OTrxDeN3sVIqDkvU/edit?usp=sharing.
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