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AP Microeconomics: Factor Markets

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Last update by chavmic on 04/23/2012
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AP Microeconomics Factor Markets
AP Microeconomics: Factor Markets
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to review factor markets in preparation for the AP Microeconomics exam
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Taylor Cleland
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Free Flashcard From AP Microeconomics: Factor Markets
Question: What does the resource optimization rule encourage firms to do when hiring more workers?
Answer: find the number of workers where MRP is closest to MRC without MRC being greater than MRP

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