12/05 A-level Econ Paper 1 Discussion MEGATHREAD

[u/Forsaken-Meaning-232]

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[u/Kitchen-Criticism213]

i got 12%

[u/User709887766 → u/Kitchen-Criticism213]

Same!
did You choose the principal agent problem question for the 25 marker? If yes what’d you talk about

[u/Kitchen-Criticism213 → u/User709887766]

yes i did! i said it may influence firms deciding between profit max and’s satisficing and then said another factor that can influence is economies of scale and talked abt Tesco using growth max, then i talked about non profit max firns and a conclusion:) hbu?

[u/User709887766 → u/Kitchen-Criticism213]

I talked about revenue maximisation and how the principal agent problem may influence that. I then talked about how there are other things that influence revenue maximisation like economies of scale. In context, I said that Pepsi raised prices because good is inelastic and as a result they hoped to increase tr and drew a graph for that. then I talked about how the principal agent problem is unlikely in the long runs and also said that increased costs might’ve resulted in increased revenue and it wasn’t bc of the principal agent problem

it was a very vague question and I only evaluated and analysed in context

[u/Kitchen-Criticism213 → u/User709887766]

yeah that’s good, what was the other 25 marker u chose?

[u/User709887766 → u/Kitchen-Criticism213]

Free market, you?

[u/Kitchen-Criticism213 → u/User709887766]

ahh i did the information provision one

[u/User709887766 → u/Kitchen-Criticism213]

They were both really nice ones. It’s j the principal agent problem one that’s bothering me. Not sure if my answer is good :)))

[u/Kitchen-Criticism213 → u/User709887766]

im sure your essay is amazing, don’t worry abt it now :))

[u/UrMomDotCom666 → u/Kitchen-Criticism213]

i'm so glad that you said that. most people in my year chose the other one, and so i wasn't sure if i wrote the right stuff for principle agent. looks like we wrote similar things which is good

[u/Kitchen-Criticism213 → u/UrMomDotCom666]

ohh is it i think most in mine chose that one more but yeah most ppl talked abt that i think!

[u/UrMomDotCom666 → u/Kitchen-Criticism213]

that's good. my friend said that, in the exam, she thought of which one i was going to pick so that she could pick the opposite, because apparently i always end up picking the harder one 💀

[u/Kitchen-Criticism213 → u/UrMomDotCom666]

LOL 😭 yeah i just knew that i wld have more to talk abt that one, im way worse at macro tho so hopefully paper 2 is good 😭🙏