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# Economics AS AQA exam tomorrow 16/05/2016 Watch

1. (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.
2. The answer was D - it was one area minus another area.
3. (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.
4. (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.
5. 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?
6. 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.
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
8. (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?
9. 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..
10. (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
11. What was the first question... Something like how firms determine price? I put B
12. (Original post by SHJBHB)
PES is 1.875 rounding to 1.9 no?
Yeah i divided the wrong way round
13. did anyone get the mean of the nearest penny- 6.3 p new spec context b
14. (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 ?
15. First question on how do consumers affect price or something , answer - B through their patterns of spending , any1 get that
16. (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?
17. Oh wait so this year there were two specs? The resits and the first AS Level 'new' batch?
18. (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.
19. (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.

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I also said a

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20. (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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