Ap econ unit 3
[DOC File]Course Title: AP Microeconomics
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Unit I: Basic Economic Concepts . Chapter 1: Limits, Alternatives, and Choices. Chapter 2: The Market System and the Circular Flow. Chapter 3: Demand, Supply, and Market Equilibrium. Chapter 4: The U.S. Economy: Private and Public Sectors. Chapter 5: The United States and the Global Economy . Chapter 18: Extensions of Demand and Supply Analysis . Chapter 19: Consumer Behavior and Utility ...
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Unit 3: Costs of Production and Perfect Competition. Problem Set #3 . Explain an example that demonstrates the “real world” application of each of the following. Define the terms in your own words and use examples that clearly demonstrate your understanding of each concept. Explicit and Implicit Costs . The Law of Diminishing Marginal Returns . Fixed Costs, Variable Costs, and Total Cost ...
[DOC File]Course Title: AP Microeconomics
https://info.5y1.org/ap-econ-unit-3_1_49e45d.html
Each assignment, unit and the final grade will be based on the following scale: 90 – 100% = A – 89% = B. 65 – 79% = C. 55 – 65% = D. 0 – 55% = F Notice that the requirements to pass are quite generous. If you are absent for a test you must make it up at lunchtime or after school; usually the day you return. AP Exam: It is expected that students will take the AP exam in May ...
[DOC File]AP MICROECONOMICS UNIT #3
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Unit Test #3 including multiple choice and FRQs VOCABULARY sole proprietorship. partnership. corporation. economic cost. explicit cost. implicit cost. normal profit. economic profit . total product (TP or Q) marginal product (MP) average product (AP) law of diminishing returns. fixed costs (TFC) variable costs (TVC) total cost (TC) average fixed cost (AFC) average variable cost (AVC) average ...
[DOC File]AP Macroeconomics Formulas and Definitions:
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Key Formulas. Rule of 70: Used to determine how many years it takes for a value to double, given a particular annual growth rate. For example, if you put $20,000 in the bank and it earns yearly interest of 7%, then it will take 10 years (70/7) for your income to double.
[DOC File]Unit 3 Retake / Practice Test AP Macroeconomics Krugman ...
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Unit 3 Practice Test AP Macroeconomics Krugman Text . Multiple Choice. Identify the choice that best completes the statement or answers the question. ____ 1. The marginal propensity to consume is: A. increasing if the marginal propensity to save is increasing. B. the proportion of total disposable income that the average family consumes. C. the change in consumer spending divided by the change ...
[DOC File]Microeconomics Review #1
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Unit 3: Aggregate Demand, Aggregate Supply, and Fiscal Policy AD , AS, and LRAS* Short Run vs. Long Run Aggregate Supply* Draw the economy at full employment. Price Level. Real GDP 1. In the short run, 2. In the long run, Shifters of AD and AS. Shifters of Aggregate Demand. 1. _____ 3. _____ 2. _____ 4. _____ Shifters of Aggregate Supply. 1. _____ 3. _____ 2. _____ 4. _____ Recessionary Gap ...
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