FRQ solutions for practice questions

1 a) neither because the same number of units can be produced by both

b) Teckana because their opportunity cost is lower

c) yes.  Teckana could only get 4 clothing for 1 food before trade but now gets 5.  Marland used to give up 6 clothing for 1 food but only has to give up 5 with trade.

d)

2) a) no, not possible, not enough income

b) 4 snacks and 3 movies; marginal utility per dollar on last unit of each bought is 2.4

c) 174 utils by adding up the marginal utilities

d) 1. no effect on marginal utility per dollar

2. 1 more movie ticket because it increases her total utility more

Monday morning

Login to CTLS and join the live session for your class.  Start times of class periods are listed below.  1st and 3rd AP students you can login to AP Government or AP Microeconomics and Coach Gross and I will get you split up properly.  2nd Period we are doing government the first half of the semester so login to Honors American Government for 2nd Period.  ctlslearn.cobbk12.org

1st 8:00 AM

2nd 9:20 AM

3rd 10:40

4th 12:20

 

More information can be found below.

http://www.harrisonhigh.org/Remote-Learning-Information

 

Please join the Remind for Your Class

Hello and welcome to the new school year.  Please join your class on Remind.  If there are issues with CTLS you’ll check the blog and I’ll also message other plans through Remind.

Please make sure you select the correct class below and use your first and last name.  Thank you.

1st Period AP Microeconomics:  text 8dh8dc7 to 81010

3rd Period AP Microeconomics:  text f9d3c3 to 81010

2nd Period Honors Government/Economics:  text 66dd32 to 81010