Chapter 12

The Share of Labor
in National Income

Demand for Factors Is Derived from Demand for Goods They Produce

Demand for Inputs Derived through Marginal Revenue Products

Supply Curve for Factors
of Production

Factor Supply and Derived Demand Interact to Determine Factor Prices and Income Distribution

The Markets for Surgeons
and Fast-Food Workers

Differences in Earnings on Wealth

Marginal Product Principles Determine Factor Distribution of Income