DP Economics
Question 21M.3.HL.TZ0.3g.ii
| Date | May 2021 | Marks available | [Maximum mark: 1] | Reference code | 21M.3.HL.TZ0.3g.ii |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Identify | Question number | g.ii | Adapted from | N/A |
g.ii.
[Maximum mark: 1]
21M.3.HL.TZ0.3g.ii
Figure 3 shows the marginal cost (MC) curve, the average variable cost (AVC) curve and the average total cost (ATC) curve for a firm in the widget industry.
Figure 3
(g.ii)
Identify the level of output at which the firm would achieve productive efficiency.
[1]
Markscheme
85 000 or 85 (allow 84 000 or 86 000)
Examiners report
Well-answered, although a number of candidates identified the level of output which would achieve production efficiency as 80 000 units Per month — selecting the minimum AVC instead of the minimum ATC.
