Marginal Analysis and Consumer Choice
AP Microeconomics · Flashcards · Application
AP MICROECONOMICS · FLASHCARDS
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QUESTION
Find the missing value:
M
U
=
10
MU = 10
M
U
=
10
,
P
=
2
P = 2
P
=
2
. Calculate
M
U
P
\frac{MU}{P}
P
M
U
.
QUESTION
If
P
X
=
5
P_X = 5
P
X
=
5
and
M
U
X
=
20
MU_X = 20
M
U
X
=
20
, find
M
U
X
P
X
\frac{MU_X}{P_X}
P
X
M
U
X
.
QUESTION
Calculate marginal cost if
T
C
=
100
TC = 100
T
C
=
100
and
△
Q
=
5
\triangle Q = 5
△
Q
=
5
.
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ANSWER
M
C
=
20
MC = 20
M
C
=
20
. Change in total cost (
100
100
100
) divided by change in quantity (
5
5
5
).
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