A-LevelEconomicsBasic Economic Ideas and Resource AllocationOct/Nov 2009Paper 1 Q301 Mark
Tom has set up his own business, which is based in premises owned by Fanda. All machinery is hired from an equipment company. Both Tom and Fanda are employed in the business. What describes the earnings of Tom and Fanda? [Table]
Arent and profit, interest and profit
Bwages and profit, wages and rent
Cinterest and rent, rent and profit
Dwages and interest, wages and interest
✓ Correct Answer
The correct answer is B: wages and profit, wages and rent
📋 Examiner Report & Trap Analysis
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...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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