DP Economics
Question 21M.3.HL.TZ0.3e.ii
| Date | May 2021 | Marks available | [Maximum mark: 1] | Reference code | 21M.3.HL.TZ0.3e.ii |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Sketch | Question number | e.ii | Adapted from | N/A |
e.ii.
[Maximum mark: 1]
21M.3.HL.TZ0.3e.ii
A firm operates under conditions of diminishing returns.
(e.ii)
Sketch the total product (TP) curve for this firm.
[1]
Markscheme
Award [1] for an accurate, labelled TP curve, starting at the origin.
Examiners report
Few candidates produced an accurate sketch which illustrated an increasing gradient and then a decreasing gradient, finally becoming negative so that total product decreased.
