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INTERACTIVE FIGURES PART 6 Demand and Supply in Factor Markets CHAPTER 18 HOW INCOMES ARE DETERMINED.

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Presentation on theme: "INTERACTIVE FIGURES PART 6 Demand and Supply in Factor Markets CHAPTER 18 HOW INCOMES ARE DETERMINED."— Presentation transcript:

1 INTERACTIVE FIGURES PART 6 Demand and Supply in Factor Markets CHAPTER 18 HOW INCOMES ARE DETERMINED

2 Click on button to go to figure Figure 18.1 Figure 18.2(a) Figure 18.3 Figure 18.2(b) The Value of the Marginal Product at Max’s Wash ‘n’ Wax The Demand for Labor at Max’s Wash ’n’ Wax: Value of Marginal Product The Demand for Labor at Max’s Wash ’n’ Wax: Demand for Labor An Individual’s Labor Supply Curve

3 Click on button to go to figure Figure 18.5 Figure 18.6 Figure 18.7 Figure 18.8 Labor Market Equilibrium Financial Market Equilibrium A Market for Land Economic Rent and Opportunity Cost Figure 18.4 The Supply of Car Wash Workers

4 Click on button to go to figure Eye On the U.S. Economy Eye On the U.S. Economy Eye On the U.S. Economy Eye On the U.S. Economy Reallocating Labor Interest Rate Fluctuations

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