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DEMAND for LIST of LABORERS and MATERIAL SUPPLIERS Form

DEMAND for LIST of LABORERS and MATERIAL SUPPLIERS Form

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alright let's get started today with our lecture on factor markets so when we talked about producer theory we talked about input prices that firms had prices for their wages in their capital and we just sort of posed those as given I just sort of gave you values for the wage and the rental rate of capital but we never really talked about where those prices come from given that they may be the most important prices on our whole economy it's probably worth spending a little time on talking about where do W and are actually come from and that's will do for the next three lectures is talk about factor markets talk about the markets that give us the price of labor and capital we're gonna start by talking about factor demand the general demand for labor and capital and then we'll move on to talk about factors supply where does supply come from will then develop the equilibrium and that will tell us where wages and the interest rate come from so that&am

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