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AP Microeconomics: Factor Markets
About this Free Flashcard Deck
Last update by
dancahill
on 01/09/2012
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AP Microeconomics: Factor Markets
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19274
to review factor markets in preparation for the AP Microeconomics exam
Teams
This Deck Belongs To
DemiDec
,
Microeconomics
,
AP Microeconomics
Flashcard Deck Tags
AP Microeconomics
,
economics
,
micro
,
factor markets
,
monopsony
,
AP Microeconomics: Factor Markets
Flashcard Review
9
If the demand for cereal decreases, ...
10
Photo card
11
Photo card
12
What does MRP stand for?
13
How is MRP calculated for a firm in ...
14
What does MRC stand for?
15
What does the resource optimization ...
16
In the factor market, who is the ...
17
Photo card
18
If a firm can sell as many units of a ...
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Deck Author
Taylor Cleland
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Free Flashcard From AP Microeconomics: Factor Markets
Question:
If the demand for cereal decreases, what happens to the number of cereal workers employed?
Answer:
It decreases.