第18章 生产要素市场 曼昆经济学原理第七版.ppt

The Markets for
the Factors of Production
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Factors of Production
Factors of production
Inputs used to produce goods and services
Labor
Land
Capital
Demand for a factor of production
Derived demand
From firm’s decision to supply a good in another market
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The Demand for Labor
Labor market
Governed by supply and demand
Labor demand
Derived demand
Labor services = inputs into the production of other goods
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Figure 1
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The Versatility of Supply and Demand
Wage
of
apple
pickers
Price
of
apples
The basic tools of supply and demand apply to goods and to labor services. Panel (a) shows how the supply and demand for apples determine the price of apples. Panel (b) shows how the supply and demand for apple pickers d