Chengbob AP Microeconomics Unit 5 Bundle

Targeted AP Micro Unit 5 practice on factor markets and labor demand. Includes a key concept sheet, definition sheet, step-by-step factor market graph tutorial, graph and MRP practice, two FRQ sets with full answers, and AP-style MCQs with answer key—designed to strengthen labor market and MRP analysis.

Unit 5 — Factor Markets

Unit 5 focuses on how firms hire resources in factor markets, with an emphasis on the labor market. Students learn how wages and employment are determined, how firms derive labor demand from marginal revenue product (MRP), and how different market structures affect factor prices. These topics are commonly tested on the AP exam through labor market graphs, MRP analysis, and free-response explanations.

This bundle is designed to help students master factor market graphs and MRP step by step, moving confidently between product markets and labor markets. Practice materials emphasize correct graphing, interpretation, and AP-style reasoning aligned with official scoring expectations.

What’s included:

1 Key Concept Sheet summarizing factor market theory
1 Definition Sheet with AP-accurate terminology
Factor Market Graph Tutorial and Practice (step-by-step labor market and firm graph guidance)
Marginal Revenue Product Practice (wage and employment analysis)
AP-style Multiple-Choice Questions with answer key
2 Free-Response Question Sets with scoring guidelines

This unit builds the analytical skills needed to connect output markets to input markets and prepares students for advanced exam questions involving labor demand and market structure.