Microeconomics - Unit 7 Factor Markets

MICRO UNIT 7  KEY STUDY GUIDE TERMS & CONCEPTS

Resource markets

Labor Market Industry Graph

Demand For Labor and its determinants

Labor Supply and its determinants

Marginal Revenue Product of Labor

Wage theory of labor

derived demand

Perfectly Competitive Labor Market Graph

Marginal Resource (Factor) Costs

wage taker

Monopsony

Monopsony Graph

POWERPOINTS & NOTES
ASSIGNED VIDEOS
ASSIGNED WORK
EXTRA HELP RESOURCES
Instructor:  Mr.Magnani
 Kevin_Magnani@wrsd.net