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AP Microeconomics
Unit 5 – Factor Markets
Topic 5.1
Unit 5 – Factor Markets
5.1 Introduction to Factor Markets
mixed difficulty
What happens if MRP is greater than MRC in the factor market?
The firm should keep the number of workers constant
The firm should reduce the number of workers
The firm should shut down
The firm should keep hiring more workers
Study guides (1)
AP Microeconomics - 5.1 Introduction to Factor Markets
Key terms
Factor Market
MRC
MRP
Guides
Glossary
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