<p>I smash the Micro MC. Macro, not so much. I do OK on both the FRQs. Right now I’m getting 4’s on Macro and 5’s on Micro still. bleh</p>
<p>Jersey, you’re right. I don’t know a thing about economics, but it’s a, wage increases, right?</p>
<p>Plan to self study a few including macro and micro next year though.</p>
<p>Micro seems pretty straight forward. All you need to know is your firm graphs, like how to find profit, etc.
Macro is blah…</p>
<p>anyone have any essay predictions for form B? i am curious.</p>
<p>i dont think the FR is gonna have the prisoner dilemma again…</p>
<p>it will prbly have a graph for a market structure…</p>
<p>factor markets, and something dealing with optimal leevels and externalities…</p>
<p>shouldnt be difficult…</p>
<p>anyone got the '05 released macro exam???</p>
<p>i got the ANSWERS!!! JUST PM ME!!!</p>
<p>Does anybody have micro practice exams?</p>
<p>Please PM them to me. Thanks.</p>
<p>^The 1995 Released Exam is at AP Central.</p>
<p>Why would quantity increase with price increase? wouldn’t the consumers be buying less so the supplier would be supplying less?</p>
<p>It usually does decrease ftwpker. Where do you see it increasing?</p>
<p>Also, this is my first AP, so can someone tell me if you actually need to write “essay” style answers for the “essay” questions or is a paragraph or one or two sentences fine?</p>
<p>it said that in my prep book for one of the supply and demand graphs</p>
<p>Oh right, I think there’s an example of that in 5 steps to a 5 as well. I believe you have an upward sloping demand graph if the product is a luxury and the income effect is greater than the substitution effect (or something of that sort). Someone correct me if I’m wrong.</p>
<p>Does anyone have the answers about the relationship between the current account and interest rates?</p>
<p>Edit: It’s for inferior goods where income effect > substitution effect.</p>
<p>Can anyone explain income/substitution/output effects to me?</p>
<p>Income effect - For luxury goods, an increase in income = increase in quantity demanded. For inferior goods, an increase in income = decrease in quantity demanded. Necessities basically stay the same.</p>
<p>Substitution effect - When price of good Y goes up, quantity demanded of good X rises. This means they are substitutes.</p>
<p>Output effect - When price of capital goes down, it lowers the marginal cost to produce something. This leads to increased production, which means more labour is needed as well.</p>
<p>Does anyone have an AP Micro/Macro review sheet or study guide. I really need one, especially for micro!</p>
<p>CliffAP vs Barrons for Micro? Last day studying.</p>
<p>Who is taking what?
Is everyone taking micro? or macro? or both?</p>
<p>My school offered a split semester course so I have to take both…
Whats your situation?</p>
<p>What’s the condition to maximize revenue? (for a monopoly)</p>
<p>Sell at the price where the quantity demanded for MR = MC corresponds to the demand curve.</p>
<p>Profit maximizing quantity is always wherever MC crosses MR.</p>