A-LevelEconomicsThe price system and the microeconomy9708/32 · Oct/Nov 2018 · Q171 Mark

In the diagram, HN is the initial supply of labour curve faced by a firm, and RM is its initial marginal cost of labour curve. What will be the firm's new labour supply curve if the workers join a trade union and achieve a union negotiated wage, OW? [Figure 17.1]

In the diagram, HN is the initial supply of labour curve faced by a firm, and RM is its initial marginal cost of labour curve. What will be the firm's new labour supply curve if the workers join a trade union and achieve a union negotiated wage, OW? [Figure 17.1] A RJX B HKX C WJM D WKN[1]

This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2018). The mark or mark type is shown in brackets.

On Oracle Prep you can write or photograph your own answer and have it marked by AI against this mark scheme, with feedback on what you missed.

Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, Oct/Nov 2018 Paper 3 Variant 2, question 17.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content