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    What are the pros of a maximum price other than making things cheaper for people who may not have been able to afford them beforehand?
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    (Original post by Hamishmagic)
    Hey everyone, I'm so nervous for tomorrow my multiple choice is so hit and miss, does anyone have any last minute tips??
    I'm just doing tonnes of past paper again and again
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    (Original post by shannonamyolive)
    does anyone know what the 25 markers were on last years paper?
    here
    http://filestore.aqa.org.uk/subjects...1-QP-JUN14.PDF
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    (Original post by KimberlyKumar)
    Has that already come up though?
    I believe so although many believe that the 25 marker will be related to that topic so it makes sense for the 5 marker to be that definition.
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    can anyone give me an exam structure to follow with typical methods of evaluation? Hoping to get an A as I'm retaking but yet again I failed to prepare, only starting my revision now.
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    (Original post by KimberlyKumar)
    Does anyone know where the mark scheme is for the June 2011 micro paper?? I would greatly appreciate it if someone sent it to me. Thanks!!!!!
    http://www.goffs.herts.sch.uk/docume...W-MS-JUN11.pdf
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    Does anyone know how to answer this question? Apparently the answer is C

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    (Original post by Exceptional)
    What are the pros of a maximum price other than making things cheaper for people who may not have been able to afford them beforehand?
    prevents the monopolistic exploitation of consumers
    can work as a rationing tool when there is market shortage by allocating the good on a 'first come, first served' basis
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    (Original post by JefferyM)
    Does anyone know how to answer this question? Apparently the answer is C

    You can work this out mathematically.
    (private benefits + positive externalities) - (private costs + negative externalities)
    The project with the highest value of the formula above is the best.
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    (Original post by JefferyM)
    Does anyone know how to answer this question? Apparently the answer is C

    Yes. Private benefits minus private costs plus positive extern minus neg extern. Highest value = answer.
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    (Original post by JefferyM)
    Does anyone know how to answer this question? Apparently the answer is C
    +10-20+100-20 > the rest.
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    (Original post by shannonamyolive)
    prevents the monopolistic exploitation of consumers
    can work as a rationing tool when there is market shortage by allocating the good on a 'first come, first served' basis
    Thank you!
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    Thank you so much! I've been looking everywhere for this thing.
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    (Original post by penguinpenny)
    Thank you so much! I've been looking everywhere for this thing.
    You just have to know how to use Google effectively:

    "filetypedf AQA-ECON1-W-MS-JUN11"
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    (Original post by penguinpenny)
    You can work this out mathematically.
    (private benefits + positive externalities) - (private costs + negative externalities)
    The project with the highest value of the formula above is the best.
    Thank you
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    I was thinking its C, but mark scheme suggests D. Why?
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    (Original post by micycle)


    I was thinking its C, but mark scheme suggests D. Why?

    Just try to draw a diagram and you'll see it. It's like when there's excess supply or excess demand.
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    (Original post by penguinpenny)

    Just try to draw a diagram and you'll see it. It's like when there's excess supply or excess demand.
    make sure you don't draw annotations like that in the exam.....
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    Can someone help me with this question?
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    The answer is A but I don't understand how.

    Thanks in advance.
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    (Original post by PAPADAPADOPOLOUS)
    make sure you don't draw annotations like that in the exam.....
    Just realised what it looks like... Good thing we have a separate answer sheet.
 
 
 
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