Economics HL paper 1-2005

Economics HL paper 1-2005 - 1 hour IB DIPLOMA PROGRAMME...

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IB DIPLOMA PROGRAMME PROGRAMME DU DIPLÔME DU BI PROGRAMA DEL DIPLOMA DEL BI M05/3/ECONO/HP1/ENG/TZ0/XX ECONOMICS HIGHER LEVEL PAPER 1 Wednesday 18 May 2005 (afternoon) INSTRUCTIONS TO CANDIDATES ± Do not turn over this examination paper until instructed to do so. ± Answer one question. ± Use fully labelled diagrams and real-world examples where appropriate. 1 hour 2205-5101 2 pages 22055101
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M05/3/ECONO/HP1/ENG/TZ0/XX 2205-5101 – 2 – Answer one question. Each question is worth [25 marks]. 1. (a) Explain how proft is determined in perFect competition. [10 marks] (b) “Whatever the type oF market structure, proft maximization will always be the only goal oF frms.” Discuss.
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This note was uploaded on 02/12/2010 for the course ECON 201 taught by Professor Smith during the Spring '10 term at Whittier.

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Economics HL paper 1-2005 - 1 hour IB DIPLOMA PROGRAMME...

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