A-level Paper 3, June 2017Microeconomics and Macroeconomics

A-level Paper 3, June 2017, Q2(c)

Discuss the likely impact of the National Living Wage on the profitability of firms. Use a cost and revenue diagram in your answer.

Data responseDiscuss12 marks

Case study

The UK economy

Original diagram required. See the original question paper for the diagram.

Specification topics

Wage determination in competitive and non-competitive markets Normal profits, supernormal profits and losses

Revision notes

Question paper Mark scheme Examiner report

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