A-LevelEconomicsThe price system and the microeconomy9708/33 · Oct/Nov 2019 · Q141 Mark

A fashion model is paid $500000 a year. If the next best paid job he could get is as a teacher at $100000 a year, what are his transfer earnings and his economic rent? transfer earnings $ economic rent $ A zero 400 000 B 100 000 400 000 C 400 000 zero D 400 000 100000

(a)A fashion model is paid $500000 a year. If the next best paid job he could get is as a teacher at $100000 a year, what are his transfer earnings and his economic rent? transfer earnings $ economic rent $ A zero 400 000 B 100 000 400 000 C 400 000 zero D 400 000 100000[1]

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2019). The mark or mark type is shown in brackets.

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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 3, question 14.

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