A-LevelEconomicsThe price system and the microeconomy9708/33 · May/June 2018 · Q151 Mark
The diagram shows the market for labour in an industry in the short-run. [Figure 15.1]
- Aconsumers' surplus
- Beconomic rent
- Cthe opportunity cost of labour
- Dtransfer earnings
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 2018). The mark or mark type is shown in brackets.
- [1] B
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