A-LevelEconomicsThe price system and the microeconomy9708/31 · May/June 2018 · Q151 Mark

An engineer is paid $100000 a year. The next best paid job she could get is as a teacher at $60000 a year. What are her transfer earnings and her economic rent? transfer earnings $ economic rent $ A 60000 zero B 60 000 40000 C 100000 zero D 100 000 40000

Mark scheme

Marking points from the official mark scheme (May/June 2018). 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, May/June 2018 Paper 3 Variant 1, question 15.

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