Exam (elaborations)
AP Microeconomics Exam Formulas with complete solutions.
- Course
- Institution
AP Microeconomics Exam Formulas with complete solutions.
[Show more]
Seller
Follow
Content preview
AP Microeconomics Exam Formulas withcomplete solutions
allocative nnefficiency nncondition nn- nncorrect nnanswer-price nn= nnmarginal nncost
average nnfixed nncost nn- nncorrect nnanswer-total nnfixed nncost nn/ nnquantity nnof nnoutput
average nnproduct nn- nncorrect nnanswer-total nnproduct nn/ nnquantity nnof nninput
average nnprofit nn- nncorrect nnanswer-total nnprofit nn/ nnquantity
average nnrevenue nn- nncorrect nnanswer-total nnrevenue nn/ nnquantity
average nntotal nncost nn- nncorrect nnanswer-total nncost nn/ nnquantity nnof nnoutput
average nnvariable nncost nn- nncorrect nnanswer-total nnvariable nncost nn/ nnquantity nnof nnoutput
cross-price nnelasticity nnof nndemand nn- nncorrect nnanswer-percentage nnchange nnin nnquantity nndemanded nnof
nngood nnx nn/ nnpercentage nnchange nnin nnprice nnof nngood nny
distributive nnefficiency nncondition nn- nncorrect nnanswer-MU/P nn= nnMU/P
elasticity nnof nnsupply nn- nncorrect nnanswer-percentage nnchange nnin nnquantity nnsupplied nn/ nnpercentage
nnchange nnin nnprice
factor nnof nnproduction nnhiring nnrule: nnhire nnuntil nn- nncorrect nnanswer-MRP nn= nnMFC
Gini nncoefficient nn- nncorrect nnanswer-shaded nnarea nn/ nnarea nnof nntriangle nnABC
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Lectphilip. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79373 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now