2010 AP Microeconomics微观经济（Form B）真题系列之简答题免费下载

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2010 AP Microeconomics（Form B） Free-Response Questions Free Download

2010 AP 微观经济（Form B）简答题部分免费下载

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1）The diagram above shows the cost and revenue curves for a bridge to a popular island. The marginal cost of crossing the bridge is zero and is indicated in the diagram as the horizontal axis. The price is the toll to cross the bridge, and the output is the number of autos that cross the bridge each day.

1. Assume that a private firm owns the bridge and maximizes profits. Based on the diagram, determine each of the following.
   1. Output
   2. Price
2. Now assume that a municipality owns the bridge and sets the price to achieve allocative efficiency. Based on the diagram, determine each of the following.
   1. Output
   2. Price
3. At a price of $1, is the municipality’s accounting profit positive, negative, or zero? Explain.
4. Suppose that the municipality sets a break-even price that generates revenues to just cover all economic costs.
   1. Based on the diagram, determine the break-even output.
   2. At the output you determined in part (d)(i), is the demand relatively elastic, relatively inelastic, unit elastic, perfectly elastic, or perfectly inelastic?
5. If a company begins to provide access to the island via commercial watercraft, what will happen to each of the following in the diagram?
   1. The demand curve for bridge crossings
   2. The profit-maximizing output
6. Suppose the long-run average total cost is strictly downward sloping. Would it be efficient to build a second bridge? Explain.

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2010 AP Microeconomics Free-Response Questions Free Download

2010 AP 微观经济简答题部分免费下载

此套题共计时60分钟

共3题

每道大题可能含有不同数量的小题

建议前10分钟读题后50分钟答题

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