AQA A-level Economics new 7136 - 06, 13 & 19 Jun 2017 [Exam Discussion]

Reply 320

Tommiller123

What did people put for context 2 9 and 25 markers

Reply 321

zwatkins66

1

Original post by GGHarambe

For the 9 maker did you write about higher costs of production...etc and how it lowers profit?

I did.. i said about labour costs and how they'd either need to employ more workers or extend the shifts of existing workers to deliver 6 days a week and how this is a cost of production and will increase ATC and lower profits.. I showed ATC shifting upwards but don't think that was right...

Reply 322

Gemmamcconville

1

Original post by NotKidding

Pretty good paper aside from the 4 and 9 marker on Context 1 which were worded weirdly.

Which was the 4 marker? was it the concentration ratio?

Reply 323

cathartic

12

Original post by Gemmamcconville

On context A the first case study, what did everyone get for the 9 marker about the monopoly diagram for Royal Mail and how the obligations affect costs and price.I put how, having to deliver 6 days a week to multiple locations across the UK could increase AC, so showed this on a monopoly diagram shifting the AC upwards, and the abnormal profit being shrunk. Is this wrong?

I did the same but I waffled too much

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Reply 324

GGHarambe

7

Original post by zwatkins66

I did.. i said about labour costs and how they'd either need to employ more workers or extend the shifts of existing workers to deliver 6 days a week and how this is a cost of production and will increase ATC and lower profits.. I showed ATC shifting upwards but don't think that was right...

Yeah, I did it very similar to you

Reply 325

username2052983

19

What essay did you guys answer?

Reply 326

NotKidding

11

Original post by Gemmamcconville

Which was the 4 marker? was it the concentration ratio?

No, concentration ratio was the 2 marker

Original post by GGHarambe

For the 9 maker did you write about higher costs of production...etc and how it lowers profit?

From what I can remember I wrote about:

- Economies of scale (expanding output)
- Pay workers higher wages for working on weekends
- If other firms in the market don’t offer the same service, Royal Mail would be the entire market and therefore could raise prices/price discriminate (show S.N profit on diagram).

Really unsure about this particular question to be honest...

Reply 327

Danllo

2

Original post by nadiakassam

Did anyone do the legacy spec today?

Hi,

I did the old ECON 3 paper today, how did you find it ?

Reply 328

TonyStark98

6

For the 9 marker on context A did anyone else draw a monopoly diagram with the MC and ATC shifting upwards?

Reply 329

zwatkins66

1

Original post by GGHarambe

Yeah, I did it very similar to you

That makes me feel a lot better :smile:

Reply 330

nadiakassam

1

Original post by Danllo

Hi,

I did the old ECON 3 paper today, how did you find it ?

I thought it was ok, I did Context 2 and Essay 3 which ones did you do??

Reply 331

Soulgeass

4

Original post by Gemmamcconville

On context A the first case study, what did everyone get for the 9 marker about the monopoly diagram for Royal Mail and how the obligations affect costs and price.I put how, having to deliver 6 days a week to multiple locations across the UK could increase AC, so showed this on a monopoly diagram shifting the AC upwards, and the abnormal profit being shrunk. Is this wrong?

Waht. My concept was so different :frown:

Reply 332

tamcat

10

OMG I wrote that thank god!!!!!!
I wrote Royal Mail was only delivery service offering that option so it had monopoly power in that sense leading to increased supernormal profit

Original post by NotKidding

No, concentration ratio was the 2 marker

From what I can remember I wrote about:

- Economies of scale (expanding output)
- Pay workers higher wages for working on weekends
- If other firms in the market don’t offer the same service, Royal Mail would be the entire market and therefore could raise prices/price discriminate (show S.N profit on diagram).

Really unsure about this particular question to be honest...

Reply 333

amukaty

10

i said because theyre forced to increase output it may cause economies of scale or may cause diseconomies of scale so cost increase

Reply 334

will.h

5

Original post by Gemmamcconville

On context A the first case study, what did everyone get for the 9 marker about the monopoly diagram for Royal Mail and how the obligations affect costs and price.I put how, having to deliver 6 days a week to multiple locations across the UK could increase AC, so showed this on a monopoly diagram shifting the AC upwards, and the abnormal profit being shrunk. Is this wrong?