APM3: Production, Cost & the Perfect Competition Model

Production, Cost & the Perfect Competition Model

This unit represents 22-25% of the AP Microeconomics exam.

  • 3.1 The Production Function
  • 3.2 Short-Run Production Costs
  • 3.3 Long-Run Production Costs
  • 3.4 Types of Profit
  • 3.5 Profit Maximization
  • 3.6 Firms’ Short-Run Decisions to Produce and Long-Run Decisions to Enter or Exit a Market
  • 3.7 Perfect Competition
  • Notes
ap-economics-unit-3-production-cost-and-perfect-competition-vocabularyDownload
ap-economics-graph-sheet-unit-3-production-cost-and-perfect-competitionDownload
production-costsDownload
productionDownload
profitsDownload
market-structures-perfect-competitionDownload