Give the meaning of the term fixed costs.
AQA · 7136 / 7135
All 32 questions from the AQA AS Level Paper 1, Nov 2020 Economics paper (7136 / 7135), worth 120 marks in total. The main topics tested are Externalities (3), Costs of production (2), Subsidised bus travel (2), Determinants of demand (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 fixed costs.
Calculate the gap between median take-up rates for men and women.
Identify two comparisons of male and female concessionary travel take-up.
Diagram: bus market effects of a subsidy, with total government spending shown.
Explain two influences that could raise future bus travel demand.
Evaluate whether free bus passes for pensioners should continue, be narrowed or end.
Give the meaning of the term social cost.
Calculate the gap between mean smoking rates for men and women.
Identify two comparisons of male and female smoking rates shown.
Diagram: cigarette market effects of indirect taxation, with tax revenue shown.
Explain two influences that could raise demand for ordinary cigarettes.
Evaluate whether ministers should back, deter or leave alone e-cigarette use.
What must be true for a resource to count as scarce?
Which events could shift both curves in the electric car market as shown?
When can intervention be said to have produced government failure?
Calculate cross elasticity for pasta when rice becomes dearer, using tabulated sales.
Why film companies' average costs fall as a skilled local labour pool grows.
Deduce how price changes as output rises, from cost and profit figures.
Whether a point on a frontier can be judged efficient in both senses.
What to conclude when growers offer more apples than shoppers buy.
Best explanation for a streaming company's rapid growth in subscribers and profit.
Which statement about supply elasticity is accurate?
Work out an ice cream seller's variable costs from busy and idle week totals.
Why loft insulation is underproduced when buyers misjudge its benefits.
Classify oven chips using two years of sales and real income data.
Why profit tends to be smaller under perfect competition than under monopoly.
Effect on housebuilding when land is also wanted for sports pitches.
Likely effect of a price floor set above the going rate for bottled water.
What a spillover benefit from production implies for output without intervention.
Conclusions from a rising income share for the poorest fifth and a falling one for the richest.
Most likely effect of organising staff around narrower specialised tasks.
How unregulated price and quantity compare with the optimum when consumption harms others.
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