A Level Economics Model Essay: Production, Costs (short run and long run)
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David Siddall
31 Followers
Grade Levels
11th - 12th, Higher Education, Adult Education
Subjects
Resource Type
Formats Included
- Word Document File
Pages
4 pages
David Siddall
31 Followers
Description
This Model Essay answer could be used in A Level or IB classes to demonstrate how to write an effective essay in the Business Economics/Theory of the Firm unit.
It comprises the following two-part question, answered to a standard likely to score top marks in CIE, AQA, IB or other syllabuses' marking rubrics:
In production, a distinction is made between short-run cost curves and long-run cost curves. Using appropriate cost curve diagrams, explain this distinction. (12 marks)
Evaluate the view that productive and allocative efficiency is more likely to be achieved in perfectly competitive industries than monopolies. (13 marks)
It comprises the following two-part question, answered to a standard likely to score top marks in CIE, AQA, IB or other syllabuses' marking rubrics:
In production, a distinction is made between short-run cost curves and long-run cost curves. Using appropriate cost curve diagrams, explain this distinction. (12 marks)
Evaluate the view that productive and allocative efficiency is more likely to be achieved in perfectly competitive industries than monopolies. (13 marks)
Total Pages
4 pages
Answer Key
N/A
Teaching Duration
N/A
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