Who did the profit maximisation question. I used the NMW diagram to show how an increase in wages can increase costs and decrease competitiveness for one point. Is that right?
ikr such a piss easy paper! would be surprised if anyone got below 60 hahaha
What Essays did you do? I did Q4 myself: Analyse the effect of labour market failure on labour markets, and comment on how government intervention doesn't always correct labour market failure.
I was praying for this. Such a broad and open question.
Who did the profit maximisation question. I used the NMW diagram to show how an increase in wages can increase costs and decrease competitiveness for one point. Is that right?
you didnt need to a diagram at all, it said using examples youd have to say yes some firms are PM BUT others arent e.g. might have growth, breakeven, sales max, social responsibilty as their aims
What Essays did you do? I did Q4 myself: Analyse the effect of labour market failure on labour markets, and comment on how government intervention doesn't always correct labour market failure.
I was praying for this. Such a broad and open question.
the mc mr one cos i didnt revise and was easiest to blag
abuse of monopoly power, sky and bt being the 2 dominant firms and not allowing other new firms to enter the market, you?
yes i did
I wrote something similar about them increasing prices and restricting supply, but I have no idea about that essay. The choice of essays was horrible and my teacher did not teach us labour market failure, so I had to choose the one about profits. Do you remember what diagrams did you draw for the 15 marker? Thanks.
you didnt need to a diagram at all, it said using examples youd have to say yes some firms are PM BUT others arent e.g. might have growth, breakeven, sales max, social responsibilty as their aims
You definitely needed some diagrams. I said all about that and for contrast about non profit organisations?
I wrote something similar about them increasing prices and restricting supply, but I have no idea about that essay. The choice of essays was horrible and my teacher did not teach us labour market failure, so I had to choose the one about profits. Do you remember what diagrams did you draw for the 15 marker? Thanks.
just a mc and mr one and below = mc < mr so youd produce more and above = mc > mr so u wouldnt produce over
hi, guys, how was your paper? i hope it is 51 for an A* and not more
it was a predictable question 4 part a and b. they were easy 35 marks which everyone should have attempted! it was a weirdly structured paper as it was a mix of sports and broadcasting, and i don't believe that they have adopted a similar type before.
what do you think the grade boundaries shall be for an A?