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The 2013 AP Microeconomics Exams

The 2013 AP Microeconomics Exams

The 2013 AP Microeconomics Exams. Dave Anderson Centre College, Chief Reader. Agenda. Exam Developers Scores Areas of Strength Areas of Weakness Discussion. Microeconomics Committee Chair Pamela M. Schmitt, United States Naval Academy Michael A. Brody , Menlo School

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618 views • 44 slides
Economics 2: Spring 2014

Economics 2: Spring 2014

Economics 2: Spring 2014. J. Bradford DeLong <jbdelong@berkeley.edu>; Maria Constanza Ballesteros <mc.ballesteros@berkeley.edu>; Connie Min <conniemin@berkeley.edu> http://delong.typepad.com/sdj/econ-2-spring-2014/. Economics 2: Spring 2014: Supply and Demand Algebra: Demand and Equilibrium.

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Public Goods and Common Resources

Public Goods and Common Resources

11. Public Goods and Common Resources. The Different Kinds of Goods. Public goods & Common resources Not excludable: people cannot be prevented from using them (free riders) Externalities Public Good: positive externality /benefits for the public, but not compensated for in market

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560 views • 22 slides
1. J&P Company operates in a perfectly competitive market for smoke alarms. J&P

1. J&P Company operates in a perfectly competitive market for smoke alarms. J&P

1. J&P Company operates in a perfectly competitive market for smoke alarms. J&P is currently earning short-run positive economic profits. (a) Using correctly labeled side-by-side graphs for the smoke alarm market and J&P

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1.39k views • 10 slides

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