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AP Microeconomics
Unit 5 – Factor Markets
Topic 5.1
What is marginal resource cost (MRC)?
The cost of hiring one more worker (or buying one additional unit of a factor)
The cost of hiring the most productive worker
The total cost of hiring all workers
The cost of hiring the least productive worker
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AP Microeconomics - 5.1 Introduction to Factor Markets
Key terms
Marginal Resource Cost (MRC)
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About Us
About Fiveable
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Careers
Testimonials
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Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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