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February 17, 2007
economics
I am kind of surprised that intro to microeconomics at the community college is this hard. I'm spending 8-10 hours a week on this class.
I have vocabulary terms like "value of the marginal product of labor curve," which is derived from the value of the marginal product of labor, which is not the same thing as the marginal product of labor, or of any other factor for that matter. This curve, incidentally, is a graph that shows the value of the additional output generated by employing one more unit of labor. It's also the individual producer demand curve for labor. I think.
Ben majored in economics in college, and he seems to think that much of economics is just common sense. I've never been particularly good at common sense.
Posted by Courtney_Sherwood at February 17, 2007 11:58 PM