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    (Original post by Reaver Daniels)
    What did people get on the new spec multiple choice for the like size of the monopoly or something?

    I put A which was like RSTY or something?


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    I put D down, it was asking about what the net revenue would be I believe or something along those lines, so I worked out that you lost one rectangle worth of revenue and gained a larger one, so I said D which was the larger rectangle minus the smaller one.
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    The answer was D - it was one area minus another area.
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    (Original post by Reaver Daniels)
    Was the per unit tax one like P1 to P2?


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    F-E2 I believe as its the vertical distance between the 2 supply curves, with the actual price change being only the part of the tax that consumers have to pay for.
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    (Original post by Desert_fox15)
    F-E2 I believe as its the vertical distance between the 2 supply curves, with the actual price change being only the part of the tax that consumers have to pay for.
    Yh, I recall the textbook saying the 'tax per unit' is the 'vertical distance' between the two supply curves.
    Also, the difference in price would represent the tax paid by consumers.
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    Think i ****ed up calculation divided the wrong way so got 0.75/0.4 which is 1.9 then wrote out equation for definition then just talked about availability of substitues messed that question up hard everythib else alright tho wbu?
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    What did you guys get for the +0.8 price elasticity question, it was about how many units the firm would sell following the change in price?
    Some of the options, were decrease - 180, or increase 240 etc.
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    (Original post by AboutAWeekAgo)
    I think i messed up calculation dod 75/40 to get 1.9 but think it was supposed to be 40/75 which is 0.5 then i wrote equation out to define elasticity of supply and then talked about availability of substitutes cause if theres only a few substitutes supply will be more inelasitc messed up this question hard. Wbu?

    I was on the other thread and people were saying they got +1.9 for the PES and i got +0.5... I think you were right
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    (Original post by nayana71)
    I was on the other thread and people were saying they got +1.9 for the PES and i got +0.5... I think you were right
    PES is 1.875 rounding to 1.9 no?
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    What did you guys get for the +0.8 price elasticity question, it was about how many units the firm would sell following the change in price?
    Some of the options, were decrease - 180, or increase 240 etc..
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    (Original post by SANTR)
    What did you guys get for the +0.8 price elasticity question, it was about how many units the firm would sell following the change in price?
    Some of the options, were decrease - 180, or increase 240 etc..
    increase of 240 was the answer
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    What was the first question... Something like how firms determine price? I put B
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    (Original post by SHJBHB)
    PES is 1.875 rounding to 1.9 no?
    Yeah i divided the wrong way round
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    did anyone get the mean of the nearest penny- 6.3 p new spec context b
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    (Original post by Reaver Daniels)
    Nah, you'll lose a mark for that. It was £6.29


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    damn it, i should get 3/4 right ?
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    First question on how do consumers affect price or something , answer - B through their patterns of spending , any1 get that
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    (Original post by Reaver Daniels)
    Yeah. I think I put £6.28 and my teacher said I'd get 3/4.


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    For the diagram question did you draw a shift left of demand and then for the 10 marker a tax diagram?
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    Oh wait so this year there were two specs? The resits and the first AS Level 'new' batch?
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    (Original post by Reaver Daniels)
    You guys know that for the new spec (not sure about the old spec) you are capped at level 4 if you don't have a conclusion, right?


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    You can get top band, if you did evaluation after analysis, you pick up evaluation marks without knowing it sometimes.
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    (Original post by Reaver Daniels)
    On the new spec, what did you guys put for the multiple choice question showing an average cost curve where the firm was producing at X (at the lowest point on the curve) and it was asking how average costs would decrease?

    I think the options were like

    A: a shift upward of the average cost curve
    B: a shift downward of the average cost curve
    C: a movement along the average cost curve to the right
    D: a movement along the average cost curve to the left

    I think those were the options? I put A.


    Posted from TSR Mobile
    I also said a


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    (Original post by dons178)
    First question on how do consumers affect price or something , answer - B through their patterns of spending , any1 get that
    Yh i got that
 
 
 
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