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1.5 Competitive and concentrated markets

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Question 49

A stage technician works weekday and weekend shifts at an arts venue. Table 1 shows the hours worked and the wage rate for each type of shift. Deductions of 12.5% are taken from total gross weekly pay.

Shift typeHours workedWage rate
Weekday24£16 per hour
Weekend8£22 per hour

Table 2 shows the available weekly travel passes.

Travel passWeekly cost
Local bus pass£22
Bus and tram pass£62
Coach and rail pass£84
Regional rail pass£120

Using Tables 1 and 2, which travel pass is the highest-cost option that leaves the technician with at least £425 for other weekly spending?

[1]
A

Coach and rail pass costing £84

B

Bus and tram pass costing £62

C

Local bus pass costing £22

D

Regional rail pass costing £120

Markscheme

1.5 Competitive and concentrated markets Questions

  1. GCSE
  2. /Economics
  3. /1.5 Competitive and concentrated markets

149 exam-style questions on AQA GCSE Economics 1.5 Competitive and concentrated markets, covering 1.5.1a The range of market structures, 1.5.1b Distinguishing between market structures, 1.5.2a Characteristics of a competitive market, 1.5.2b How producers operate in competitive markets, 1.5.2c The economic impact of competition, 1.5.3a Characteristics of a non-competitive market, 1.5.3b How producers operate in non-competitive markets, 1.5.3c Monopoly and oligopoly, 1.5.4a The labour market and wage determination, and 1.5.4b Gross and net pay. Each one has a worked solution and a mark scheme showing where the marks go.

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