3 marks
Give the meaning of the term profit.
AQA · 7136 / 7135
All 32 questions from the AQA AS Level Paper 1, Jun 2022 Economics paper (7136 / 7135), worth 120 marks in total. The main topics tested are Revenue and profit (2), Costs of production (2), Elasticities of demand (2), Government intervention in markets (2).
Each question is summarised in our own words with its mark tariff, command word and specification point, and links through to the official paper.
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Give the meaning of the term profit.
Work out the weekly saving for a family showering rather than bathing.
Identify two comparisons between metered and unmetered household water use.
Diagram: effect on the water market of a price ceiling below equilibrium.
Explain ways water suppliers might compete for business customers.
Assess whether every household should be charged by volume consumed.
Give the meaning of the term income.
Calculate whisky's demand elasticity from the stated price rise and sales fall.
Identify two notable features shown in the UK alcohol affordability index.
Diagram: effect on alcohol trade of lifting the legal purchase age to 21.
Explain probable effects of taxing alcohol through indirect taxation.
Assess the case for minimum alcohol pricing across the rest of the UK.
Why choice lies at the heart of the economic problem.
Calculate burgers supplied after a price fall, given a supply elasticity of two.
Identify the movement along a long-run cost curve showing falling diseconomies of scale.
Which elasticity would make a rail subsidy most effective at attracting passengers?
Identify the defining feature every public good must possess.
Which description fits conditions facing a firm under perfect competition?
Work out the producers' share of a new duty levied on doughnuts.
Name the process of forming a hypothesis and testing it against evidence.
Deduce externalities from tabulated private and social costs and benefits of woodland.
Effect on cocoa of weaker chocolate sales, given derived demand.
Judge statements about output and worker efficiency from monthly staffing figures.
Which pair of events would shift both curves in the beef market as drawn?
What happens to a firm's cost categories once every input can vary?
How the price mechanism directs factors between competing uses.
Calculate the weekly profit gain when bottle sales grow after a rival exits.
Which change would make entry harder for firms wanting to join an industry?
What a positive cross elasticity reveals about the link between two foods.
Why a single dominant producer can cause resources to be misallocated.
Why a leftward supply shift leaves the old price out of balance.
Choosing the tax or subsidy rate that reaches the socially optimal packaging output.
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