Economics WEC13/01 June 2022

Edexcel International AS/A Level Economics (WEC) Jun 2022

معلم موافق رایگان بودن است.

1. Business behavior analysis focusing on market structures: monopolistic competition, average and marginal costs, equilibrium output, normal profit, allocative and productive efficiency indicators.
2. Impact of external shocks such as the global health crisis on firm revenue, costs, employment, labor productivity, and supply-demand dynamics, exemplified by Amazon’s revenue growth and cost increases due to expanded labor force.
3. Market share distribution in oligopolistic and competitive industries, e.g., airline market shares, cloud infrastructure provider revenues, indicating competition intensity and market power concentration.
4. Cost structure and production analysis, including total costs, average variable costs, fixed costs, and marginal costs at different output levels to assess firm efficiency and economies of scale.
5. Labor market factors influencing geographical mobility, relocation costs, and government incentives affecting labor supply flexibility within countries.
6. Small and medium-sized enterprise (SME) resilience and closure rates under economic crises, highlighting recovery expectations and impacts on business viability in developing economies like South Africa.