F581/ F582 Economics June 2013

Reply 1000

Rickrossmmg

Original post by May-o2q

Guys does anyone have the modal answer for the f581 exam?

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You still planning to post that mark scheme? :smile:

Reply 1001

chelseafan

21

Original post by Rheannan

i put where consumer satisfaction is maximised and the market is at equillibrium

Yeah i put that too.

Reply 1002

username963570

OP

21

Original post by Rickrossmmg

You still planning to post that mark scheme? :smile:

she sent me it in an email and trust me when i say this - it's meeesssed up. the definitions for consumer surplus for one - da*** is going on in that model mark scheme ?!

Reply 1003

Rickrossmmg

Original post by Fas

she sent me it in an email and trust me when i say this - it's meeesssed up. the definitions for consumer surplus for one - da*** is going on in that model mark scheme ?!

Alright thanks anyways :smile:

Reply 1004

May-o2q

14

Original post by Rickrossmmg

You still planning to post that mark scheme? :smile:

Hey!! As Fas said, u better not seeing it. Cus I found it quite weird. But just let me kno if u still have urge to see it. I could post it. :smile:

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Reply 1005

Rickrossmmg

[QUOTE="May-o2q;42798322"]Hey!! As Fas said, u better not seeing it. Cus I found it quite weird. But just let me kno if u still have urge to see it. I could post it. :smile:

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i understand. I would still like to see it though :biggrin:

Reply 1006

Rickrossmmg

Original post by May-o2q

Hey!! As Fas said, u better not seeing it. Cus I found it quite weird. But just let me kno if u still have urge to see it. I could post it. :smile:

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yh that would be nice youknow

Reply 1007

mandem2k11

11

is it some mark scheme made by a random teacher or a leaked one from OCR lol?

Reply 1008

JOR2010

14

Original post by Fas

she sent me it in an email and trust me when i say this - it's meeesssed up. the definitions for consumer surplus for one - da*** is going on in that model mark scheme ?!

How can the definition be weird? It's the difference between the price that is paid and what a consumer is willing to pay.. How else can you put it?

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Reply 1009

iggyDash

2

Original post by May-o2q

Hey!! As Fas said, u better not seeing it. Cus I found it quite weird. But just let me kno if u still have urge to see it. I could post it. :smile:

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Please post the modal mark scheme ?

Thanks

Reply 1010

username963570

OP

21

Original post by JOR2010

How can the definition be weird? It's the difference between the price that is paid and what a consumer is willing to pay.. How else can you put it?

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cannot remember exactly , but it definitely wasn't that definition - i'll find it and post it haha

EDIT : the definition was according to the " modal mark scheme " - ' Consumer surplus is the excess of total utility gained by consumers over and above their total expenditure. It is represented by the area between the price level and the demand curve '

if you think about it , it means the same thing really but its an incredibly weird way of putting it and when i first read it i had a brainfart and it didn't make much sense

(edited 10 years ago)

Reply 1011

Rickrossmmg

Original post by Fas

cannot remember exactly , but it definitely wasn't that definition - i'll find it and post it haha

EDIT : the definition was according to the " modal mark scheme " - ' Consumer surplus is the excess of total utility gained by consumers over and above their total expenditure. It is represented by the area between the price level and the demand curve '

if you think about it , it means the same thing really but its an incredibly weird way of putting it and when i first read it i had a brainfart and it didn't make much sense