DP Economics
Question 23M.3.HL.TZ0.iii
| Date | May 2023 | Marks available | [Maximum mark: 2] | Reference code | 23M.3.HL.TZ0.iii |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Calculate | Question number | iii | Adapted from | N/A |
iii.
[Maximum mark: 2]
23M.3.HL.TZ0.iii
Calculate the revenue per kilogram (after tax has been paid) to producers when the price is NZ$24 per kg.
[2]
Markscheme
Any valid working (eg division by 1.2) is sufficient for [1]
= $20
An answer of 20 or $20 without any valid working is sufficient for [1].
For full marks to be awarded, the response must provide valid working and include correct units.
A response that calculates total revenue and that produces a correct answer of $800 000 may be awarded [1].
Examiners report
The question was generally answered incorrectly. Despite similar questions appearing in the specimen paper and in both May 2022 and November 2022 examinations it appears that candidates did not know how to perform the calculation.
