嘉定一中AP选修课
AP Microeconomics
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Calculus BC
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2019 MCQ
2019 AP Microeconomics MCQ
2019年AP Microeconomics选择题真题串讲
📝 5 Questions
1. If a good is non-rival and non-excludable, it is a:
A. Public good
B. Private good
C. Common resource
D. Club good
2. At the profit-maximizing level of output, a monopolist produces where:
A. MR = MC
B. P = MC
C. P = ATC
D. MR = P
3. Cross-price elasticity of demand between goods X and Y is positive. They are:
A. Substitute goods
B. Complementary goods
C. Normal goods
D. Inferior goods
4. In the long run, a perfectly competitive firm earns:
A. Zero economic profit
B. Positive economic profit
C. Negative economic profit
D. Accounting profit only
5. A decrease in the price of a good will increase total revenue if demand is:
A. Elastic
B. Inelastic
C. Unit elastic
D. Perfectly inelastic
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