A-LevelEconomicsThe price system and the microeconomy9708/31 · May/June 2017 · Q51 Mark

The diagram shows the marginal utility (MU) that an individual derives from a good at different levels of consumption. [Figure 5.1] The utility he derives from the last $ he spends on every good is 4 units. Assuming the marginal utility of money is constant, which quantity will he purchase if the price of the good is $10? A 4 kilos B 5 kilos C 6 kilos D 7 kilos

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 (May/June 2017). 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, May/June 2017 Paper 3 Variant 1, question 5.

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