EcoHL P2 N05 TZ0 M

EcoHL P2 N05 TZ0 M - c IB DIPLOMA PROGRAMME PROGRAMME DU...

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c IB DIPLOMA PROGRAMME PROGRAMME DU DIPLÔME DU BI PROGRAMA DEL DIPLOMA DEL BI N05/3/ECONO/HP2/ENG/TZ0/XX/M MARKSCHEME November 2005 ECONOMICS Higher Level Paper 2 5 pages
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- 2 - N05/3/ECONO/HP2/ENG/TZ0/XX/M This markscheme is confidential and for the exclusive use of examiners in this examination session. It is the property of the International Baccalaureate and must not be reproduced or distributed to any other person without the authorization of IBCA.
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- 3 - N05/3/ECONO/HP2/ENG/TZ0/XX/M Paper Specific Markscheme In addition to the assessment criteria use the paper-specific markscheme below. Award up to the maximum marks as indicated. Each question is worth [10 marks]. 1. Using appropriate diagrams, explain the difference between the law of diminishing returns and economies of scale. short run versus long run definition of law of diminishing returns definition of economies of scale diagram illustrating law of diminishing returns, this may be product curves and/or short run cost curves diagram illustrating economies of scale using long run cost curves explanations of the above and of the linkage between the two concepts Allow a maximum of [6 marks] if no diagrams are used. Allow a maximum of [5 marks] if only one part of the question is correctly explained. Examiners should be aware that candidates may take a different approach, which if
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EcoHL P2 N05 TZ0 M - c IB DIPLOMA PROGRAMME PROGRAMME DU...

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