AQA Economics Unit 1 Exam Dicussion

Scroll to see replies

Productive Efficiency: measures how well an economy or firm uses its resources to produce outputs

I swear productive efficiency is when a firm is producing a product at its lowest possible cost? At least that's what the productively efficient level of output means on an economies of scale diagram. It could be a question where multiple different definitions are correct, as I could imagine some people mentioning the PPF too.

Reply 141

abellino

Original post by ladder1234

I gave a definition of opp cost and ppf and a knockout mark but i got the wrong answer
Will i get any marks?

Reply 142

qr95

Original post by ladder1234

Productive Efficiency

•

Productive efficiency is achieved when the output is produced at minimum average total cost

•

Productive efficiency exists when producers minimise the wastage of resources in their production processes.

Thats what it says on tutor2u

Reply 143

benq

Only because I love you guys! And also because I need the marking scheme for MC :colondollar:

EDIT: My unofficial marking scheme based on what I have put. If you notice an error please inform me and I will check and correct if necessary.

1 D
2 D
3 D
4 C
5 D

6 B
7 C
8 A
9 B
10 B

11 D
12 A
13 B
14 D
15 A

16 C
17 B
18 A
19 A
20 D

21 B
22 D
23 B
24 B
25 B

(edited 10 years ago)

Original post by benq

Only because I love you guys! And also because I need the marking scheme for MC :colondollar:

How did you get this paper :P

Lol from my answers i have only 1 'C' must of done something wrong

(edited 10 years ago)

Reply 145

R.P.Everything.

To compare answers with others for the MCQ:

1-5) DDDAD
6-10) BCABC
11-15)DABDA
16-20) CBCBD
21-25) BABBB

Some of my answers are almost certainly wrong.

EDIT: Updated with some corrections:

1-5) DADCD
6-10) BCABB
11-15)DABDA
16-20) CBCBD
21-25) BABBB

(edited 10 years ago)

Reply 146

Tarmu

Original post by r.p.everything.

to compare answers with others for the mcq:

1-5) dddad
6-10) bcabc
11-15)dabda
16-20) cbcbd
21-25) babbb

some of my answers are almost certainly wrong.

1-5) cadbc
6-10) bbacc
11-15) ddabc
16-20) aaabd
21-25) babcd

Reply 147

benq

Original post by qr95

How did you get this paper :P

Lol from my answers i have only 1 'C' must of done something wrong

I have some connections in the higher echelons of AQA - but let keep it between us.

Reply 148

qr95

Original post by R.P.Everything.

To compare answers with others for the MCQ:

1-5) DADAD
6-10) BCABC
11-15)DABDA
16-20) CBCBD
21-25) BABBB

Some of my answers are almost certainly wrong.

This is what i put, know i have made mistakes

1-5) DDDCD
6-10) DCAAA
11-15) BABDA
16-20) BBDAD
21-25) BDBBB

(edited 10 years ago)

Reply 149

R.P.Everything.

Actually looking back, 2 is almost certainly A, 4 is almost certainly C, 10 is B as people have already clarified in this thread. All others I am still unsure of.

Reply 150

qr95

Original post by R.P.Everything.

Actually looking back, 2 is almost certainly A, 4 is almost certainly C, 10 is B as people have already clarified in this thread. All others I am still unsure of.

mmhh possibly like i said i have made mistakes :frown:

The value of elasticity of supply is positive, because an increase in price is likely to increase the quantity supplied to the market and vice versa so i think for q4 the answer is "positive"

(edited 10 years ago)

Reply 151

ladder1234

someone please put all the correct answers up xD. I don't know how you'd have them but...

Reply 152

16dan2life

anyone got a link for the unit2 thread? If there is one.

Reply 153

ineedtorevise127

guys whats your predictions for unit 2?

Reply 154

newenglandpats

Original post by benq

Only because I love you guys! And also because I need the marking scheme for MC :colondollar:

EDIT: My unofficial marking scheme based on what I have put. If you notice an error please inform me and I will check and correct if necessary.

1 D
2 D
3 D
4 C
5 D

6 B
7 C
8 A
9 B
10 D

11 D
12 C
13 B
14 D
15 A

16 C
17 B
18 A
19 A
20 D

21 B
22 D
23 B
24 B
25 B

good markscheme but wouldnt 25 be C?

Reply 155

benq

Original post by newenglandpats

good markscheme but wouldnt 25 be C?

Thank you. Well, I am not sure to be honest. I thought that it is not C because if government wanted it to be strict enought it could make it strict enough but once again I am not an expert on pollution permits :smile:

Reply 156

newenglandpats

Original post by benq

do u hav any idea on grade boundaries, MC was quite hard compared to past papers.

I think it could be:

A-55
B-48
C-42

similar to Jan paper

Reply 157

R.P.Everything.

Original post by benq

Only because I love you guys! And also because I need the marking scheme for MC :colondollar:

For 2, I originally put D as well, but it seems pretty likely to be A - A shift in the PPF would decrease the opportunity cost of producing capital goods in terms of consumer goods.

For 10, some other people have clarified that airline pilots are derived from the demand for air travel. I originally put C (joint demand), but it appears to be B. I definitely don't think its D because complementary demand isn't an economic term.

For 12, I'm pretty sure the answer is A. Total tax revenue is (9-5)*50 which is 200. 150 of which is paid by the consumer.

For 18, I'm unsure about this one - could someone explain why it is A rather than C?

For 22, I'm also unsure about this, but it seems that D (workers unwillingness to take training courses) is a cause of immobility, but not an example of it. I think the answer is A.

Otherwise, great markscheme, and chances are, I am wrong!