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New Spec AQA AS Level Economics Paper 1 - 16th of May

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are the only people who are sitting tomorrow's exam people who are resitting from last year? Or are there loads of 1st years too?

Reply 21

Hat_h

I'm retaking unit 1 & 2 from last year so am doing the old spec but it will only be those retaking that are doing this - anyone else?

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Reply 22

zwatkins66

Same💁

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Reply 23

Trapping

Good luck, we got this.

Reply 24

zwatkins66

I'm feeling okay, what about you? My prediction for the 25 marker is to do with Market failure and whether government intervention is the way to go or not.. what about you? 😊

Reply 25

zwatkins66

Why are you nervous for the multiple choice questions may I ask? 😊

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Reply 26

The gains kinggg

what did you get on 2015

Reply 27

zwatkins66

Ahh I see

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Reply 28

GCSEgirl13

deffo agree. last years multiple choice was the hardest. I normally get around 21 out of 25. but with that paper it was really low. hopefully tomorrows isnt like that :/

Reply 29

denizovic

total cost is fixed cost + variable cost

average cost is total cost of production divided by Quantity of output.

variable cost is the cost of production that changes with the amount that is produced even in the short run.

specialisation is a worker performing a narrrow range of tasks, so they make the different parts of a product or service. Through this more can be produced and supplied. However a problem with this is that workers may have occupational immobility of labour which refers to their lack of skill set. If they are fired from their job, or their specific job can be more efficient with a machine, these people will find it hard to work elsewhere due to their lack of skill.

hope that helps... :smile:

Reply 30

Hannzz98

How did everyone's exam go?

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Reply 31

BenRyan99

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Original post by Hannzz98

How did everyone's exam go?

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On question 17 did you write about positive or negative externalities? (the one with government subsidies and market failure)

Reply 32

zainyyyyy

was a fall in demand from d1 to d2, and the mean was 6pound 37p or some ****

Reply 33

Varun127

Mean was 6.29, as the answer was 6.287 for calculation, and it wanted to nearest penny.
And yes 4 marker was fall in demand

Reply 34

sharmonraja

Original post by Varun127

Mean was 6.29, as the answer was 6.287 for calculation, and it wanted to nearest penny.
And yes 4 marker was fall in demand

I got the same answer, £6.29 to the nearest penny.
For the diagram question, I shifted to the demand curve to the left.
For the data analysis question, I stated the highest values and the overall trend