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18 The Markets for the Factors of Production
Figure 1a The Versatility of Supply and Demand
Figure 1b The Versatility of Supply and Demand
Table 1 How the Competitive Firm Decides How Much Labor to Hire Copyright©2004  South-Western
Figure 2 The Production Function
Figure 3 The Value of the Marginal Product of Labor
Figure 4 Equilibrium in a Labor Market
Figure 5 A Shift in Labor Supply
Figure 6 A Shift in Labor Demand
Table 2 Productivity and Wage Growth in the United States. Copyright©2004  South-Western
Figure 7a The Markets for Land and Capital
Figure 7b The Markets for Land and Capital

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Markets factors production