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Economics · 2015 · May · Paper 3 · HL · Question paper

EconomicsQuestion paper2015HLMay

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This question paper is listed under Economics in the 2015 examination archive. Its catalogue level is HL. The catalogue session is May. The information below helps you identify the document before opening the complete PDF. Subject, year and session labels come from the archive catalogue; the original cover remains the reference if a label differs. A file is not automatically suitable for your current syllabus simply because its subject name matches.

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[Personal identifier removed] Economics Higher level Paper 3 © International Baccalaureate Organization 2015 17 pages 2215 – 5107 Tuesday 5 May 2015 (morning) Instructions to candidates • Write your session number in the boxes above. • You are permitted access to a calculator for this paper. • Do not open this examination paper until instructed to do so. • Answer two questions in the boxes provided. • Unless otherwise stated in the question, all numerical answers must be given exactly or correct to two decimal places. • You must show all your working. • The maximum mark for this examination paper is [50 marks]. 1 hour 20EP01 – 2 – Answer two questions . Each question is worth [25 marks] . Write your answers in the boxes provided . 1. The following diagram illustrates the average cost (AC) and marginal cost (MC) curves for Firm A, which operates in a perfectly competitive market . As a price taker, Firm A charges the market price of $18 per unit .Revenue, costs ($ per unit) 44 40 36 32 28 24 20 16 12 8 4 0 MC AC 0 20 40 60 80 100 120 140 160 180 200 220 240 260 280 300 Quantity per month (000) (a) (i) On the diagram, draw and label the average revenue curve for Firm A . [2] (ii) Calculate Firm A’s total revenue if it produces 180 000 units per month . [2] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (This question continues on the following page) 20EP02 M 15 /3/ECONO/HP3/ ENG /TZ0/XX
File information
Subject
Economics
Document type
Question paper
Year
2015
Session
May
Level
HL
Paper
3
Examination zone
Not labelled in the archive
Language
Not labelled in the archive
File size
915 KB
Pages
20
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