Hey there! Sign in to join this conversationNew here? Join for free
    Offline

    1
    ReputationRep:
    (Original post by annihilati0n)
    what was the answer for context 2 question 1 %
    50%
    • Thread Starter
    Offline

    15
    ReputationRep:
    (Original post by Anymorefor123)
    What did you write for essay 2 both questions ?


    Posted from TSR Mobile
    bro im fkin panicking im seriously freaking out that was an honest train wreck.. I only wrote a page and a half for the second essay.. oh my god.. It feels like i didnt answer either question
    Offline

    2
    ReputationRep:
    (Original post by cherry1997)
    Did u guys get. 1.87% for extract 1 question 1
    How did you calculate this?


    Posted from TSR Mobile
    Offline

    2
    ReputationRep:
    For the 15 mark question on diminishing returns and returns to scale, would I lose any mark if I didn't mention how firms increase its production scale and focused more on the costs and economies of scale in the long run?

    What did everyone else put in the 10 mark of extract 2 on wages?
    Offline

    1
    ReputationRep:
    (Original post by charanjittt)
    Did anyone else answer th me profit maximising question? What did you guys right
    I did!!
    Drew the diagram and spoke about plcs maximising dividends for shareholders, firms can also use s-normal profit to reinvest and become dynamically efficient so large firms wishing to benefit from econs of scale will wish to prof max

    Then said other objectives may be SR to gain profit in LR, large firms protected by entry barriers may not have incentive to prof max, satisficing is more realistic, charities are more likely to charge p=mc

    Firms don't know where mr = mc is, but in lr most firms do aim to prof max

    Does that sound about right??

    Also did everyone get 1.87% for context 1?
    Offline

    2
    ReputationRep:
    How many marks on average do you need to get a C in this paper? Found the firsts section extremely difficult in comparison to previous questions


    Posted from TSR Mobile
    Offline

    1
    ReputationRep:
    Did anyone do Essay 3?, and what points did you get?
    Offline

    1
    ReputationRep:
    Did anyone do essay 1 and what did You's talk about for 25 marker
    Offline

    7
    ReputationRep:
    For context 1 25 marker what diagrams did everyone draw? I drew a negative externality graph in production of oil and couldn't really think of anything else
    Offline

    0
    ReputationRep:
    Yeah looks like everyone who did context one got 1.87%
    (Original post by Nmik)
    I did!!
    Drew the diagram and spoke about plcs maximising dividends for shareholders, firms can also use s-normal profit to reinvest and become dynamically efficient so large firms wishing to benefit from econs of scale will wish to prof max

    Then said other objectives may be SR to gain profit in LR, large firms protected by entry barriers may not have incentive to prof max, satisficing is more realistic, charities are more likely to charge p=mc

    Firms don't know where mr = mc is, but in lr most firms do aim to prof max

    Does that sound about right??

    Also did everyone get 1.87% for context 1?
    Offline

    2
    ReputationRep:
    (Original post by cherry1997)
    Did u guys get. 1.87% for extract 1 question 1
    I did!
    Offline

    2
    ReputationRep:
    How did people get the answer in context one?? What numbers did you divide


    Posted from TSR Mobile
    Offline

    3
    ReputationRep:
    Thought that paper was nice!

    Posted from TSR Mobile
    Offline

    1
    ReputationRep:
    (Original post by cutelady)
    How did people get the answer in context one?? What numbers did you divide


    Posted from TSR Mobile
    36 divided by 1600 (whatever the numbers were) x 100
    Offline

    0
    ReputationRep:
    (Original post by cutelady)
    How did you calculate this?


    Posted from TSR Mobile
    Yeah, got the same. It was UK's coal value in tonnes over the other country's coal value in tonnes times 100%.
    Offline

    1
    ReputationRep:
    (Original post by marioandluigi)
    How many marks on average do you need to get a C in this paper? Found the firsts section extremely difficult in comparison to previous questions


    Posted from TSR Mobile
    last year it was 50 for a C, the general consensus is that this paper was pretty straightforward so id say probably 51/52 for a C.
    Offline

    2
    ReputationRep:
    (Original post by cutelady)
    How did you calculate this?


    Posted from TSR Mobile
    I did the UK's coal consumption (36 million tonnes) divided by Chinas coal consumption (1925 million tonnes) X 100 and then rounded to 2 decimal places
    Offline

    2
    ReputationRep:
    (Original post by alardel)
    Yeah, got the same. It was UK's coal value in tonnes over the other country's coal value in tonnes times 100%.
    I think I did this but I'm not sure!



    Posted from TSR Mobile
    Offline

    2
    ReputationRep:
    What diagrams did people draw for context 1 the 25 mark and what did you talk about?


    Posted from TSR Mobile
    Offline

    7
    ReputationRep:
    Do people think the grade boundaries for an A* will be higher than last year? People seem to have found this exam quite straightforward
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Has a teacher ever helped you cheat?
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Write a reply...
    Reply
    Hide
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.