Edexcel Economics B A level Paper 1

I got:
60.05% (or something like that) for conc. Ratio
3.something % for net profit margin

I got 5:60.05 because it was a ratio and it said 5 firm concertation ratio

Yh same. For net profit margin I got 3.329 on the calculator and rounded it to 3.33%

Which curve did people shift on the supply/demand diagram?
I did demand inwards because of cheaper substitutes

Yeah 3.33% rings a bell. For 12 markers I felt like I basically wrote the same thing (economic growth/reduction in externalities) so not sure how well I did there.

Which curve did people shift on the supply/demand diagram?
I did demand inwards because of cheaper substitutes

Yeah i did the same as you but i kinda messed up on that one I think. I wrote about how creation of jobs would increase aggregate demand and economic activity (multiplier effect) and my second point was reducing the strain on the NHS from negative externalities caused by pollution.

For 10 marker on why it was beneficial to have a variety of brands - I assumed that was the same as a market segmentation question???

For benefits I put: can charge premium pricing in niche markets and competition between brands owned by the same firm in 'high volume' (mass?) markets spreads risk

For disadvantages I put: costs of tailored products in niche markets may increase

Overall: increased costs of production in niche markets offset by potential for economies of scale in mass markets, overall high profitability potential and brand loyalty (depends on economic cycle/YED)

I stg I used the word 'offset' so many times in that paper...

I wrote about economic cycle/YED and spreading risk too. But you seem to have explained it better than I did lol I think you did well don’t worry, you sound smart 😂

If only I were that articulate in the exam! Nah, I'm sure we'll be fine - 2019 grade boundaries were something like 58% for an A? And that's without lowered boundaries. Also we have papers 2 and 3 to go, hopefully they'll be kinder!!

Yes I know i did bad on this paper I didn’t even do the 20 markers properly. I just need to do loads of past questions so hopefully i make up for it on 2 and 3 ugh I’m so nervous! What other subjects do you do?

I do politics, chemistry and biology, not the most complementary of subjects! Wbu?

Was this the one about subsides for electric cars and the effect of that on petrol and diesel one?
I put the demand inwards because a subsidy would decrease production costs and it was cheaper to own electric so people would buy that and demand for other fuelled cars would decline. So the price of them would drop to get some sales. I don’t think it’s right though or if I explained it well :/

For 10 marker on why it was beneficial to have a variety of brands - I assumed that was the same as a market segmentation question???

For benefits I put: can charge premium pricing in niche markets and competition between brands owned by the same firm in 'high volume' (mass?) markets spreads risk

For disadvantages I put: costs of tailored products in niche markets may increase

Overall: increased costs of production in niche markets offset by potential for economies of scale in mass markets, overall high profitability potential and brand loyalty (depends on economic cycle/YED)

I stg I used the word 'offset' so many times in that paper..

For 10 marker on why it was beneficial to have a variety of brands - I assumed that was the same as a market segmentation question???

For benefits I put: can charge premium pricing in niche markets and competition between brands owned by the same firm in 'high volume' (mass?) markets spreads risk

For disadvantages I put: costs of tailored products in niche markets may increase

Overall: increased costs of production in niche markets offset by potential for economies of scale in mass markets, overall high profitability potential and brand loyalty (depends on economic cycle/YED)

I stg I used the word 'offset' so many times in that paper...