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2. AP Microeconomics - Wikipedia

   en.wikipedia.org/wiki/AP_Microeconomics

   Multiple Choice: Students are given 70 minutes to complete 60 multiple choice questions which are weighted 2/3 (66.7%) of the total exam score. Free-Response: Students are allotted 10 minutes of planning then 50 minutes of writing for one long free-response question (weighted 50% of section score) and two short ones (weighted 25% section score each).

3. Test of Understanding in College Economics - Wikipedia

   en.wikipedia.org/wiki/Test_of_Understanding_in...

   Administering exams. The Test of Understanding in College Economics or TUCE is a standardized test of economics used across the United States for over 50 years. [1]The test is nationally norm-referenced in the United States for use at the undergraduate level, primarily targeting introductory or principles-level coursework in economics.

4. Microeconomics - Wikipedia

   en.wikipedia.org/wiki/Microeconomics

   Microeconomics analyzes the market mechanisms that enable buyers and sellers to establish relative prices among goods and services. Shown is a marketplace in Delhi. Shown is a marketplace in Delhi. Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce ...

5. Advanced Placement exams - Wikipedia

   en.wikipedia.org/wiki/Advanced_Placement_exams

   [2] The first Advanced Placement exams were administered in 1954 by the Educational Testing Service (ETS) to students limited to 27 schools participating at that time. In 1955, the College Board assumed leadership of the program and testing, deciding on curricula and pedagogical approaches, while retaining ETS to design and score the tests.

6. Slutsky equation - Wikipedia

   en.wikipedia.org/wiki/Slutsky_equation

   In microeconomics, the Slutsky equation (or Slutsky identity), named after Eugen Slutsky, relates changes in Marshallian (uncompensated) demand to changes in Hicksian (compensated) demand, which is known as such since it compensates to maintain a fixed level of utility.

7. Supply and demand - Wikipedia

   en.wikipedia.org/wiki/Supply_and_demand

   Supply chain as connected supply and demand curves. In microeconomics, supply and demand is an economic model of price determination in a market.It postulates that, holding all else equal, the unit price for a particular good or other traded item in a perfectly competitive market, will vary until it settles at the market-clearing price, where the quantity demanded equals the quantity supplied ...

8. Marginal factor cost - Wikipedia

   en.wikipedia.org/wiki/Marginal_factor_cost

   In microeconomics, the marginal factor cost (MFC) is the increment to total costs paid for a factor of production resulting from a one-unit increase in the amount of the factor employed. [1] It is expressed in currency units per incremental unit of a factor of production (input), such as labor , per unit of time.

9. AP Economics - Wikipedia

   en.wikipedia.org/wiki/AP_Economics

   Advanced Placement (AP) Economics (also known as AP Econ) refers to two College Board Advanced Placement Program courses and exams addressing various aspects of the field of economics: AP Macroeconomics; AP Microeconomics