2011 AP Microeconomics Post-test Discussion

Test Preparation AP Test Preparation
21

<p>I self’d Micro. The MC was quite easy. FRQ #1was very easy and FRQ 2 and 3 were a little sub par for me. I’ll probably end up with a 4 :/. </p>

<p>Macro on the other hand…</p>

22

<p>Hmm, I guess I’m opposite of most the people here. Self-studied too-- actually completely the evening before with a friend. MC was really easy and so were the second two FRQs, but I definitely was thrown off on the first one.
Hopefully the scoring scale isn’t too much harder now without the .25 deduction that I can still pull a 5…</p>

23

<p>Not the labels of the graphs, but (it’s almost been 2 days) the labels of the MFC and MPC curves.</p>

<p>I know I got all of #2 in the FRQ’s wrong but part a but I did alright on the rest</p>

24

<p>what was so tricky about #3… i guess the last part was sort so tricky</p>

25

<p>I am just wondering, was the answer to the lump sum tax question in ap micro, “no change”?</p>

26

<p>yes i believe that is correct.</p>

27

<p>For international (Form B), <a href=“http://apcentral.collegeboard.com/apc/public/repository/ap11_frq_microeconomics_formb.pdf[/url]”>http://apcentral.collegeboard.com/apc/public/repository/ap11_frq_microeconomics_formb.pdf&lt;/a&gt;, does ATC shift up and have a price between Pf and Pf2 since it’s an INCREASING cost industry?</p>

28

<p>Also, for <a href=“Supporting Students from Day One to Exam Day – AP Central | College Board”>Supporting Students from Day One to Exam Day – AP Central | College Board; part cii, is it where minimum wage equals MRP for the monpsony…i think i got it wrong :(</p>

29

<p>^^^^^correction for me–I lost 3-4 points for the “very very easy one”, hahaha. 2 and 3 turned out alot better than I thought.</p>

30

<p>wow collegeboard threw some curveballs this year with stuff that has never showed up ie. price discrimination and a monsopony… wow.</p>

31

<p>i think that form B looked a lot harder than the regular. just my humble opinion</p>

32

<p>do you think the curve would be more generous then? i still think that ATC shifts up because as demand increases, there will be short run profits and firms will enter the market to produce more. Since output goes up, in an increasing cost industry, ATC for every firm will go up…</p>

33

<p>When do they release solutions?</p>

34

<p>Solutions aren’t released until after scores are released. Also, it seems that form B is usually harder (on any test); maybe CB’s just trying to give internationals a hard time?</p>

35

<p>I found the MC questions to be relatively hard. But then again, i suck at MC. Frq’s weren’t that bad. Number 1 was annoying as hell…I found 2 & 3 to be easy.</p>

36

<p>Forgive me for being ■■■■■■■■ compared to all of you ivy league wanna be’s (Just joking guys,) i’m sure i bombed the FRQ and standing borderline 2 or 3. but i need a 3 to get credit for Iowa. I wanna see how many points you guys think i would get for #2 and 3</p>

<h1>2</h1>

<p>a ) i drew a correct graph
b)I think i put the MC curve shifted UPWARD, LOL, idk, i didnt study factor market in depth. I didn’t put the arrows pointing the shift…but yeah.
c) so i drew the graph, but i put it as like normal supply and demand graph where MFC slopes upward. I put Pe and Qe where the supply and demand meets, and the new one, i put the wage up, and just put the quanity where the price met demand curve. ( So i guess i just have the MFC graph in a wrong slope, would i miss all the points?)</p>

<p>3.a) i didnt know the graph for the labor so i drew a supply and demand graph again, i thought demand was MPC and supply was MSC. …so i put 2 supply lines, the farther on the right one as equilibrium private cost, and the one left to that at equilibrium social cost. i also labeled the y axis PRICE LEVEl( iDK WHY) and i put deadweight loss in that triangle the shift of supply curves made.</p>

<p>b) i said lump sum taxes gets rid of DWL becuase it shifts the supply curve to social optimum point? so that didnt make any sense im guessing.</p>

<p>what do you think guys? just an estimate, this is apparently the answers sheet but idk if ill get any partial points, especially for 3
<a href=“http://i.imgur.com/l0DeG.jpg[/url]”>http://i.imgur.com/l0DeG.jpg&lt;/a&gt;&lt;/p&gt;

37

<p>Hmm I think I saw someone say that the lumpsum tax doesn’t change the deadweight loss but I thought it made the DWL decrease. Why does it have no effect?</p>

38

<p>lump sum taxes dont affect MC and therefore do not affect MSC or MPC they only affect the AFC and therefore MSC or MPC would not shift so no change in DWL. should’ve used a per-unit tax</p>

39

<p>Also, i don’t like how the teacher depicted an increase in MC on #2. i think it should be an upward arrow, not a leftward arrow</p>