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3.8 Limitations of markets

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Question 88

Residents along a firm's delivery routes experience an external cost of £12 for each delivery run. The firm makes 25,000 delivery runs in one year.

Total external cost = external cost per delivery run × number of delivery runs

Use the formula to calculate the total external cost for the year. Show your working.

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Markscheme

3.8 Limitations of markets Questions

  1. GCSE
  2. /Economics
  3. /3.8 Limitations of markets

127 exam-style questions on OCR GCSE Economics 3.8 Limitations of markets, covering 3.8.1 Positive and negative externalities, 3.8.2 Policies to correct externalities, 3.8.3 Impact of externality policies, and 3.8.4 Costs and benefits of externality policies. Each one has a worked solution and a mark scheme showing where the marks go.

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