A-LevelEconomicsLabour MarketOct/Nov 2018Paper 3 Q171 Mark
The diagram shows the costs and revenue curves in the labour market for a firm in imperfect competition. [Figure 17.1] Initially the firm is at an equilibrium in the factor market. What will happen to the wage rate and employment if a trade union negotiates a wage of W? A fall from W3 to W remain the same at OR B fall from W4 to W increase from OQ to OR C rise from W1 to W increase from OQ to OR D rise from W1 to W remain the same at OQ
📋 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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