DP Economics
Question 21M.3.HL.TZ0.3e.i
| Date | May 2021 | Marks available | [Maximum mark: 2] | Reference code | 21M.3.HL.TZ0.3e.i |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Sketch | Question number | e.i | Adapted from | N/A |
e.i.
[Maximum mark: 2]
21M.3.HL.TZ0.3e.i
A firm operates under conditions of diminishing returns.
(e.i)
Sketch the marginal product (MP) and average product (AP) curves for this firm.
[2]
Markscheme
Award [1] for an accurate, labelled marginal product curve.
Award [1] for an accurate, labelled average product curve.
NB If the shape of each curve is correct, but the relationship between them is incorrect, then a maximum of [1] may be awarded.
Examiners report
Generally well-answered, with lower achieving responses sketching the two curves with an incorrect intersection.
