Educational testing service and ets are registered

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Unformatted text preview: hip Corporation. Educational Testing Service and ETS are registered trademarks of Educational Testing Service. Other products and services may be trademarks of their respective owners. For the College Board’s online home for AP professionals, visit AP Central at apcentral.collegeboard.com. 2003 AP® MICROECONOMICS FREE-RESPONSE QUESTIONS (Form B) MICROECONOMICS Section II Planning time—10 minutes Writing time—50 minutes Directions: You have fifty minutes to answer all three of the following questions. It is suggested that you spend approximately half your time on the first question and divide the remaining time equally between the next two questions. In answering the questions, you should emphasize the line of reasoning that generated your results; it is not enough to list the results of your analysis. Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes. 1. Market structures differ from one another in many respects. Consider two profit-maximizing firms that earn s...
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This note was uploaded on 02/03/2014 for the course ECONOMIC 112 taught by Professor Van le during the Fall '12 term at American Internation College.

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