7.1 Derived Factor Demand
7.2 Marginal Revenue Product
7.3 Labor Market and Firms’ Hiring of Labor
Steven M. Reff Economics Lecturer University of Arizona (2007 - 2016) The 2015 University of Arizona Five-Star Faculty Award
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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
eWorkbook Activities Interactive:
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eWorkbook Activities Interactive:
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Topics 7.1 - 7.3 Perfectly Competitive Labor Market
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eREVIEW: Perfectly Competititve Labor Market
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Topics 7.1 - 7.3 Monopsony in a Labor Market
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CLEP® Principles of Microeconomics Course Preparation
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NOTE: This website is not a College Board® sponsored website. Everything on this
website can be used by teachers or students to get a better understanding of their
college-level Principles of Microeconomics course.
(3 min. or less, along with 3 multiple choice questions)
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