Practice FRQs and solutions

Pracitce FRQs to prepare for AP Micro exam 2020 units 1-5

Sit down and work out the questions above and then check your answers.

Answers to practice FRQs.

  1. Absolute/Comparative Advantage

2. Elasticity and Utility

 

3. Marginal Benefit, Consumer Surplus, Utility Maximizing

number 3

 

4. Perfect Competition

 

5. Monopoly draw it

 

6. Monopoly from Graph

correction on part a 4-there is not 1 price; there are multiple prices because of price discrimination

number 6

7.  Monopolistic Competition

number 7

8. Oligopoly Game Theory

number 8

9. Factor Market from Chart

 

10. Factor Market draw it

number 10

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