A-LevelEconomicsBasic Economic Ideas and Resource AllocationOct/Nov 2009Paper 1 Q31 Mark
The diagram shows a person's marginal costs and marginal benefits of making trips to the cinema. [Figure]
ANone, as each extra trip reduces marginal benefit.
BOne, as this maximises the excess of marginal benefit over marginal cost.
CTwo, as this maximises the net benefit of making trips.
DThree, as all trips have a positive marginal benefit.
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of basic economic ideas and resource allocation within the Economicssyllabus. The examiner's mark scheme requires...
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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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