Lecture Microeconomics (20/e): Chapter 14 - Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

The demand for resources, mainly labor, is concentrated on in this chapter. Resource prices and their implications on money income, cost minimization, resource allocation, and policies are examined. Then the resource demand curve is derived in purely competitive and imperfectly competitive markets. The optimal combination of resources and the least cost rule and profit maximization are looked at as well. The Last Word is about how ATMs have replaced human labor in the banking industry.