Copyright 2008 The McGraw-Hill Companies 25-1 Significance of Resource Pricing Marginal Productivity Theory of Resource Demand MRP as Resource Demand Market.
I AM A BUNDLE OF HUMAN CAPITAL Lesson 9:. Human Capital “Skills” & “knowledge” “Skills” Something a person can do “knowledge” Awareness & Understanding.
Sensitivity Analysis What if there is uncertainly about one or more values in the LP model? 1. Raw material changes, 2. Product demand changes, 3. Stock.
THE LABOR MARKET Principle #7: People’s skills influence their income.
Chapter 3: Linear Programming Sensitivity Analysis
