<p>I thought Macro was pretty hard, especially the FRQ. What the heck was question 2? That's the one thing I was like, nah they never ask about that. Wrong-o. LOL in all I think I did alright.</p>
<p>I thought Micro was easier. The FRQ was good for the most part and it seemed okay. Micro seemed to have more "definition" type questions that were pretty easy.</p>
<p>Micro FRQ seemed easy to me. Especially since I found the MC quite difficult -- but I'm self-studying. Unless I'm missing a trap here. The individual firm's output for that apple industry should be a straight line graph, yes, unless I misread something? (is output = demand? I basically self-studied for the few weeks before the exam -- I only have a regular economics class where the teacher teaches at an exceedingly slow pace). </p>
<p>I couldn't differentiate between societally-efficient output and profit-maximising output? How the hell do I account for social cost?</p>
<p>(And I stress again, I did not take an AP course for economics ... so pardon me if I committed some pretty elementary mistakes.)</p>
<p>It's okay, galoisen. Socially efficient output is where marginal social cost = marginal social benefit, or where MC=D. Profit maximizing output is where MR=MC. That one was kinda iffy, I just happened to have gone over it recently.</p>
<p>In perfect competition for the firm, P=MR=D is a horizontal line. For the industry, it's just a regular slanted demand and supply curves.</p>
<p>I thought the 2nd question on micro was the easiest one! LOL I'm so backwards of everyone else. It could be because I just finished taking micro and I had macro first.</p>
<p>Also, I love it how everyone acts like Econ is a blow-off easy AP. I don't think so at all.</p>
<p>FEWWW, I was going to put the socially efficiant output at D=AC which would make profit 0. The next question though said to label the area of profit of loss so the socially efficiant output couldn't have been at d=ac because the loss at that point is an area of 0.</p>
<p>Is it plausible to get a five if you studied half the new topics in the week before the test? I think I'm going to get a majority of the MCQ and the FRQ right...</p>
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For the industry, it's just a regular slanted demand and supply curves.
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<p>I almost didn't put a demand curve in because I thought it was just about the quantity supplied.</p>
<p>But it's funny, the only AP exam I don't have a class for seemed to be the one where the workload was lightest -- it was the only one where I actually finished the FRQ on time.</p>
<p>
[quote]
It's okay, galoisen. Socially efficient output is where marginal social cost = marginal social benefit, or where MC=D.
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</p>
<p>Aha! </p>
<p>I suspected that too -- but then the area would be zero....?</p>
<p>It's sucky when you suspect an answer but your inconfidence makes you lose points. (I never did anything like this in class.) </p>
<p>It's ironic that I'm only going to learn after the exam, but in a perfectly competitive industry, MR would meet D and MC at the same place?</p>
<p>I thought AP Macro free response was very easy while some of the multiple choice questions were a little tough. For some of them, I wasn't sure which approach to use, so I had two answers to choose from.</p>
<p>For Micro, multiple choice was okay. But for free response, I think I messed up on the part about the difference between short-run and long-run :/</p>
<p>pretty comfortable with how I did on both, two fives hopefully. </p>
<p>Don't think I added enough detail of micro frq 2 although on micro frq one I did ridiculous stuff with the graphs (marked down all the changes in quantity, ATC, supply curves, price on both graphs)</p>
<p>I think I'm getting a five on macro despite learning everything in the last 3 days (score!)</p>
<p>I thought Micro was easier..again..I'm much better at Micro than Macro. FR wasn't bad...^^just found out I got the socially efficient (#3.) and (#1) right. Although I don't think I drew the correct price ceiling....</p>