2015 AP Microeconomics MCQ - AP在线课程平台

1. The production possibilities curve is concave because of:

A. Increasing opportunity costs B. Decreasing opportunity costs C. Constant opportunity costs D. Unlimited resources

2. A tax on producers will shift:

A. The supply curve left B. The supply curve right C. The demand curve left D. The demand curve right

3. The marginal revenue product of labor equals:

A. MPL × Price of output B. MPL × Wage C. Total revenue / Number of workers D. Wage × Price of output

4. Compared to a perfectly competitive market, a monopoly produces:

A. Less output at a higher price B. More output at a lower price C. The same output at the same price D. Less output at a lower price

5. A tariff on imported goods will:

A. Increase domestic producer surplus and decrease consumer surplus B. Decrease both producer and consumer surplus C. Increase both producer and consumer surplus D. Have no effect on surplus