7.1   Derived Factor Demand
7.2   Marginal Revenue Product
7.3   Labor Market and Firms’ Hiring of Labor
Unit 7:  Factors Market
Steven M. Reff
Economics Lecturer
University of Arizona
(2007 - 2016)
The 2015 University of Arizona
Five-Star Faculty Award
3 hours - 5 hours max.
6 - 12% of exam
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Unit 7:  Factors Market (6–12%)

Topic 7.1   Derived Factor Demand
Topic 7.2   Marginal Revenue Product
Topic 7.3   Labor Market and Firms’ Hiring of Labor
eVideos -- Short Videos:
eWorkbook Activities Interactive:
eTextbook Reading:
eVideos -- Short Videos:
eWorkbook Activities Interactive:
eTextbook Reading:
Profit-Maximizing Behavior in a Perfectly Competitive Labor Market
Perfectly Competititve Labor Market 23 Multiple Choice Questions
Perfectly Competititve Labor Market 22 Multiple Choice Questions
Monopsony (Reading with Interactive Graph)
Monopsony (Questions)
Monopsony Labor Market
Marginal Product and Average Product Graph
Marginal Revenue Product and Marginal Factor Cost, Part I
Marginal Product and Total Product Graph
Marginal Revenue Product and Marginal Factor Cost, Part II
eREVIEW:  Monopsony
Perfectly Competititve Labor Market (Interactive Graph & Questions)
Perfectly Competitive Labor Market
Review Video:  Perfectly Competititve Labor Market, Part I
Reffonomics Baseball:  Factors Market and Monopsony
Topics 7.1 - 7.3  Perfectly Competitive Labor Market
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eREVIEW:  Perfectly Competititve Labor Market
Topics 7.1 - 7.3  Monopsony in a Labor Market
Monopsony Silent Movie
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Review Video:  Perfectly Competitive Labor market, Part II
Review Video:  Monopsony in the Labor Market
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(3 min. or less, along with 3 multiple choice questions)