A-LevelEconomicsThe price system and the microeconomy9708/31 · Oct/Nov 2019 · Q21 Mark

Building a hospital has a social cost of $200 million. The social benefit is $240 million; external benefit is $150 million. What can be concluded from this information? A external benefit is greater than external cost B external benefit is greater than private benefit C private benefit is greater than private cost D the project should not take place

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2019). 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 2019 Paper 3 Variant 1, question 2.

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