Official AP Microeconomics 2013 Thread

<p>For Micro, 5 Steps is excellent; I’ve also heard REA Crash Course is good. I didn’t take macro.</p>

<p>For multiple choice, 48-55 tripped me up, but other than that, not too bad. FR, 1 scared me at first but after I broke it down it wasn’t to bad. 2 was easy. 3 is a toss up. I’m hoping for a 4 since that’s all I need but credit, but I can’t help feeling that I got a 3 on this test because of the multiple choice. We’ll see.</p>

<p>Micro was fine, expecting ~55/60 on the multiple choice and like -3 to -5 points on the FRQ. Should get a 5.
Macro, not sure about the multiple choice (maybe ~50/60?), and the FRQ were easy (probably about -3 or fewer points), so I guess that’d be a 5 there too.</p>

<p>ACDCLeadership will save your life, Praying for a miracle to happen in July, for me to get a 5.</p>

<p>If I messed up on one section of FRQ Part 1 and one section of FRQ Part 3 and got 45 on the multiple choice, can I get a 5?</p>

<p>Macro was ridiculously easy, but micro was hard.</p>

<p>Same here, there were at least 3-4 questions I had absolutely no idea about. The FRQs for Micro weren’t too bad.</p>

<p>Did you guys get 15000 , 12000 for one of the multiple choice?
Also, on one of the FRQs did the SRAS shift left in the long run because of a recession?</p>

<p>@BuckyOrBust: Yeah; I’m pretty sure that’s right. (They gave you some scattered info about a firm like and asked what the quantity and the fixed cost was)</p>

<p>@BuckyOrBust: I remember the question you’re asking about, and yeah, I got that.
As for the second one, SRAS shifts right in a recession in the long run. There’s a downward pressure on wages because of a decrease in labor demand, so costs of factors decrease, which shifts SRAS right.
Although that’s a Macro question and this is the Micro thread… so yeah. =P</p>

<p>everyone prep well for the ap micro frqs?</p>

<p>Who had Form E?</p>

<p>I was just unsure of total revenue on Question 1 and the last part of Question 3. I made good inferences so maybe I got the points.</p>

<p>What did you guys put for the Giny coefficient? country a had 0.5 and b had 0.3. </p>

<p>i had no clue, so i guessed c, which i think is country a distributes income more equally or something</p>

<p>It was that Country B had more income equality (lower Gini coefficient = more income equality). I believe it was C or D.</p>

<p>@JordanSaidWhat:
In Question 1, max profit is at what was, I believe, point a (MR = MC). Since ATC was constant, and Profit = Revenue - Cost, Max profit must also be max revenue. (Revenue decreases faster than Cost increases since Price is decreasing and ATC isn’t) Anything below point a needs to increase prices to increase revenue. This is characteristic of an inelastic demand curve.
In Question 3, they gave Real GDP Growth (or something like that) as a red herring. It’s just Real IR = Nominal IR - Inflation. I got 5%.</p>

<p>14 workers & $37.5?</p>

<p>Oh good, I got it right then!</p>

<p>They’ve released the FR questions now and I guess I didn’t have the ones they released. But mine seemed so much easier. Eh</p>

<p>Who wants to make a compilation of answers?</p>