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Question 21M.3.HL.TZ0.3f.i

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Date May 2021 Marks available [Maximum mark: 1] Reference code 21M.3.HL.TZ0.3f.i
Level HL Paper 3 Time zone TZ0
Command term Sketch Question number f.i Adapted from N/A
f.i.
[Maximum mark: 1]
21M.3.HL.TZ0.3f.i

The demand curve faced by firms in the widget industry is downward sloping.

(f.i)

Sketch the marginal revenue (MR) curve for firms in the widget industry.

[1]

Markscheme

Award [1] for an accurate, labelled MR curve (MR must be downward-sloping but need not be linear and need not become negative).

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