{"id":912,"date":"2023-07-12T18:37:31","date_gmt":"2023-07-12T18:37:31","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/?post_type=chapter&#038;p=912"},"modified":"2023-07-13T01:03:19","modified_gmt":"2023-07-13T01:03:19","slug":"videos-labor-market","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/chapter\/videos-labor-market\/","title":{"raw":"Videos: Labor Market","rendered":"Videos: Labor Market"},"content":{"raw":"[embed]https:\/\/youtu.be\/Cm69zTuUzMI[\/embed]\r\n\r\n[embed]https:\/\/youtu.be\/p8PSIpMkEvA[\/embed]\r\n\r\nWhile watching the videos, make sure you understand:\r\n<ul>\r\n \t<li>How are wage rates determined in a competitive market?<\/li>\r\n \t<li>How is Marginal Revenue Product determined and how is it used to determine profit maximizing level of workers hired.<\/li>\r\n<\/ul>","rendered":"<p><iframe loading=\"lazy\" id=\"oembed-1\" title=\"Introduction to labor markets | Microeconomics | Khan Academy\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/Cm69zTuUzMI?feature=oembed&#38;rel=0&#38;rel=0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><iframe loading=\"lazy\" id=\"oembed-2\" title=\"How many people to hire given the MPR curve | Microeconomics | Khan Academy\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/p8PSIpMkEvA?feature=oembed&#38;rel=0&#38;rel=0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>While watching the videos, make sure you understand:<\/p>\n<ul>\n<li>How are wage rates determined in a competitive market?<\/li>\n<li>How is Marginal Revenue Product determined and how is it used to determine profit maximizing level of workers hired.<\/li>\n<\/ul>\n","protected":false},"author":107,"menu_order":18,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-912","chapter","type-chapter","status-publish","hentry"],"part":843,"_links":{"self":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/users\/107"}],"version-history":[{"count":1,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/912\/revisions"}],"predecessor-version":[{"id":913,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/912\/revisions\/913"}],"part":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/parts\/843"}],"metadata":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/912\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/media?parent=912"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapter-type?post=912"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/contributor?post=912"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/license?post=912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}