9 Answered Questions for the topic AP Economics

11/19/21

AP microeconomics question (can someone explain the answer please? thanks!)
To maximize profit, a firm should produce the quantity at which marginal revenue equals marginal cost unless, in the long run, the firm woulda) earn positive accounting profit.b) earn positive... more
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11/18/21

Economics question
Will a decrease in workers change the movement along the supply curve of a good or shift the supply curve? I'm reading an article for my economics class, and I'm confused on how the situation in... more
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11/10/21

Ap economics question (can someone explain to this to me please? thanks <3)
Suppose the seventh carrot you consume provides a marginal utility of 3 utils and the eighth carrot provides a marginal utility of 2 utils. If you consume the eighth carrot your total utility... more
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11/08/21

ap economics question (can someone explain why? thanks)
Which of the following is the most likely to be a regressive tax?a) a sales tax on all goodsb) a tax of $1,000 per personc) a personal income tax of 25% on all incomed) a personal income tax of 15%... more
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11/08/21

ap econ question
An excise tax drives a wedge between the supply price and the demand price with a height equal to:a) the demand price of the good.b) the pre-tax price of the good.c) the total tax revenue collected... more
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11/08/21

ap micro econ question (can someone explain this to me?)
A second of which of the following is the most likely to provide more marginal utility than the first?a) mailboxb) t-shirtc) shoed) care) refrigerator
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10/31/21

micro economics question
Suppose there is a decrease in the price of swimsuits and no change in the market demand curve for swimsuits. Who receives the resulting increase in consumer surplus?a) Buyers who did, and who did... more
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09/10/21

Is the demand for an addiction in the short run more elastic or less elastic than demand for an addiction in the long run?
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01/18/20

Hicksian IS LM framework and Conditions of Policy effectiveness
Consider closed economy described by IS-LM model:Consider closed economy described by IS-LM model:PE = Ca + MPC(Y - T) + I(r) + GAE = YM/P= L(Y,r)Case 1: Investment trap. Assume investments are nor... more
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