FRQ: Factor Markets
要素市场
要素需求、边际收益产品、工资决定的FRQ专项练习
Question 1 (5 points)
A firm hires workers in a perfectly competitive labor market. The wage is $15/day. The firm sells its product in a perfectly competitive market at $5/unit. Complete the table and find the profit-maximizing number of workers. (Workers: 1,2,3,4,5; MPL: 10,8,6,4,2)
Type: Calculation
Suggested time: 8 minutes
Suggested time: 8 minutes
Question 2 (5 points)
Using a correctly labeled graph of a perfectly competitive labor market, show the effect of an increase in the demand for the product that labor produces. Explain what happens to the wage and the quantity of labor hired.
Type: Graph + Explanation
Suggested time: 8 minutes
Suggested time: 8 minutes
Question 3 (6 points)
A monopsonist faces a labor supply curve W = 10 + 2L and has MRP = 50 - 2L. Find the profit-maximizing quantity of labor and the wage paid. Compare with the competitive outcome.
Type: Calculation
Suggested time: 9 minutes
Suggested time: 9 minutes
答题提示
- 图表题：确保正确标注坐标轴、曲线和关键点
- 计算题：写出完整计算过程，标明最终答案
- 解释题：先陈述结论，再用经济学原理解释
- AP考试FRQ每题约7分钟