Tag Archives: DMRP

Prices of Factors of Production

Posted on May 19, 2012 by Dr. J

Chapter 9 of Shawn Ritenour’s Foundations of Economics deals with something readers might think was already covered sufficiently in the earlier chapters on market prices: prices of factors of production. This is the final category of income received by market participants (in … Continue reading →

Posted in Books, Economics | Tagged discounted marginal revenue product, DMRP, economics, entrepreneur, factors of production, income, marginal physical product, marginal revenue product, market prices, MPP, MRP, production, profit, Shawn Ritenour, time preference | Leave a comment

Tag Archives: DMRP

Prices of Factors of Production

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