AP Microeconomics Week of 1/14/19

Here’s our unit 3 plan as you prepare for Monday’s test:  AP ECON UNIT 3 PLANS

MON-Unit #3 Multiple Choice Test on the Firm

TUE-FRQ part of test on Unit 3 in class

Notes on the marginal revenue product of labor

Practice calculating MRP for workers and determining how many workers the firm should hire at a particular wage

WED-FRQ part of test on Unit 3 in class

Notes on the marginal revenue product of labor

Practice calculating MRP for workers and determining how many workers the firm should hire at a particular wage

THUR-Quiz on the marginal revenue product of labor and how many workers to hire

Notes on competitive labor markets

FRQ practice on MRP, how many workers to hire, the firm’s profit/loss, etc.

FRI-Quiz on the marginal revenue product of labor and how many workers to hire

Notes on competitive labor markets

FRQ practice on MRP, how many workers to hire, the firm’s profit/loss, etc.

 

*Quiz first class next week on competitive labor markets and FRQ problem:  remember, no school next Monday 1/21 so Tuesday group is up first

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