1 mark
Q1 Deduce what happens in the long run to a Costa Rican pineapple grower earning above-normal profit in a perfectly competitive market.
Edexcel · 9EC0 / 8EC0 / WEC11–14
All 14 questions from the Edexcel International A Level Unit 3, Oct 2024 Economics paper (9EC0 / 8EC0 / WEC11–14), worth 100 marks in total. The main topics tested are Costs (2), Perfect competition (1), Price discrimination (1), Government intervention (1).
Each question is summarised in our own words with its mark tariff, command word and specification point, and links through to the official paper.
Question paper → Mark scheme → Examiner report → Open in the searchable bank →
Q1 Deduce what happens in the long run to a Costa Rican pineapple grower earning above-normal profit in a perfectly competitive market.
Q2 Name the tactic behind Cineworld charging students £7.99 and everyone else £9.99 for the same seat.
Q3 Deduce how a Philippine price ceiling of 41 pesos a kilo for rice affects growers.
Q4 Work out fixed cost per unit at 20 000 pairs of jeans, using a clothing maker's total cost schedule.
Q5 Identify what shapes how responsive demand for South African farm labour is, given an estimate of -1.32.
Q6 Choose the total revenue curve fitting Apple, which held 56.41% of US smartphones and faces a falling demand curve.
Q7(a) Work out how AstraZeneca's total costs moved from 2021 to 2022, using its revenue and profit table.
Q7(b) Explain what dynamic efficiency means, as used about AstraZeneca's Dublin factory investment.
Q7(c) Analyse two gains drug makers get from industry-wide cost savings in Ireland's pharmaceutical cluster.
Q7(d) Examine, with a diagram, what rising regulatory fixed costs do to AstraZeneca's profit.
Q7(e) Discuss the obstacles a newcomer would face trying to break into the pharmaceutical industry.
Q10 Evaluate what firms gain from colluding, after South Korea fined 15 shipping firms $63m for fixing prices, using game theory.
Q8 Evaluate the gains from expanding internally for a firm like Lidl, which opened 25 UK stores in 2023, with a diagram.
Q9 Evaluate the economic case for state action in labour markets, as Mexico's government took in 2023, with a diagram.
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