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AP Microeconomics Exam Formulas with complete solutions.
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AP Microeconomics Exam Formulas with complete solutions.
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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
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