<p>It's been 48 hours!</p>
<p>when will cb put the q's up?</p>
<p>4 PM, I believe.</p>
<p>argh... I can barely remember them now. They were the silly graph and the nominal interest rate, right? what was the third?</p>
<p>land development supply and demand graph</p>
<p>when collegeboard does post it, where would I be able to find Macro Econ questions?</p>
<p>i'll post the link up for you jabbermouth when they're posted if you'd like. or go to apcentral.collegeboard.com and you can search around--they're on that site.</p>
<p>Could you post it please</p>
<p>it would be a link for everybody</p>
<p>micro here</p>
<p>i had no idea how to do most of #1, lol</p>
<ol>
<li>a) i. I had Q2, P5. MR=MC
ii. Q4, P3. MR=0
iii. No clue
iv. No clue</li>
</ol>
<p>b) No clue</p>
<p>c) I put 0. Accounting profits don't factor in the opportunity cost of the next highest job. And I said at this price, Profit=0.</p>
<p>d) i. Q7, since when Price=0, Attendance=Q7
ii. No clue</p>
<p>1c) Should be that they make a positive accounting profit, because they are making zero economic profit (normal profit). Therefore, they are making the amount that would equal to their opportunity costs.</p>
<p>tales you are correct.</p>
<p>i said that it was positive as well but i said theres economic profits since p2 is above minimum atc, but yeah, i said its positive accounting profit.</p>
<p>iii was Q3, P4. The difference between demand and marginal cost gives the marginal surplus, since that's the amount a consumer is willing to pay minus the amount its worth to the firm.</p>
<p>iv was Q5, P2. The firm maximizes it attendance while just barely breaking even. Average total cost equals price, so total cost equals total revenue.</p>
<p>1b was elastic. Revenue increases as price decreases. Thus %deltaQ>%deltaP.</p>
<p>dii is no. The surplus isn't maximized.</p>
<p>If there are any else anyone's wondering about, I'm pretty sure I got everything right, except for one silly mistake. My mom's an econ professor, so I've pretty much been learning this stuff since I was five.</p>
<p>Could someone tell me 2. b)?</p>
<p>^ 2b. isnt that just 27-20 = 7?</p>
<p>And umm</p>
<p>2d = less output right? I didnt know how to explain this but I supposed a tax would always decrease output</p>
<p>And if I miss 1a (iii) and 1c...how many points would be taken off?</p>
<p>-thx</p>
<p>man i did horrible.......maybe enough for 33% right and a 3 :D</p>
<p>wouldn't 1a (iii) be when the price is zero? because then it makes the biggest consumer surplus, no consumer, but it's still a really big CS? maybe i dunno...</p>