AP Microeconomics, 2014-2015 Edition by Eric Dodge

By Eric Dodge

Get prepared in your AP examination with this easy and easy-to-follow learn advisor, up-to-date for all of the most modern examination changes!

5 Steps to a five: AP Microeconomics good points an efficient, 5-step plan to steer your practise application and assist you construct the talents, wisdom, and test-taking self belief you must prevail. This totally revised variation covers the most recent path syllabus and offers version exams that replicate the most recent model of the exam.

Inside you are going to find:

  • 5-Step Plan to an ideal five: 1. organize Your examine software 2. ensure Your attempt Readiness three. improve recommendations for achievement four. improve the information you want to rating excessive five. construct Your Test-Taking self belief
  • 2 whole perform AP Microeconomics checks
  • 3 separate plans to suit your learn sort
  • Review fabric up to date and geared to the latest exams
  • Savvy details on how exams are developed, scored, and used

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Additional resources for AP Microeconomics, 2014-2015 Edition

Example text

18. C—When the price rises, the perfectly competitive firm finds a higher level of output where P = MR = MC. Since this price lies above the ATC curve, positive economic profits are possible. 19. E—The question describes a situation where short-run losses are being incurred. In the long run, firms exit, shifting market supply leftward, increasing market price until the firms earn normal, or breakeven, profits. 20. C—One of the important results of monopoly is that while output is set where MR = MC, price is set from the demand curve, so P > MC.

J Don’t spend too much time on any one question. Free-Response Questions J Write clearly and legibly. J Be consistent from one part of your answer to another. J Draw a graph if one is required. J If the question can be answered with one word or number, don’t write more. J If a question asks “how,” tell “why” as well. Section I: Multiple-Choice Questions Because you are a seasoned student accustomed to the educational testing machine, you have surely participated in more standardized tests than you care to count.

Easy is as easy does. It’s exam day and you’re all geared up to set this very difficult test on its ear. The first question looks like a no-brainer. Of course! The answer is 7, choice C. But rather than smiling at the satisfaction that you knew the answer, you doubt yourself. Could it be that easy? Sometimes they are just that easy. 5. Sometimes a blind squirrel finds an acorn. Should you guess? If you have no clue which choice is correct, guessing is a no-lose strategy. Even with a wild guess, you have a 20 percent chance of getting it right.

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