Please check the examination details below before entering your
candidate information
Candidate surnameOther names
Centre Number Candidate Number
Pearson Edexcel Level
3 GCE
Monday 12 May
Morning (Time: 2 hours)
2025 referen 9EC0/
ce
Economic Paper 01
🟐 🟐
Advanced
sPAPER
A 1: Markets and Business Behaviour
You must have: Total Marks
Source Booklet (enclosed)
Instructions
• Use black ink or ball-point pen.
• Fill in the boxes at the top of this page with your
centre number and candidate number.
• There are three sections in this question paper. Answer all
name,
questions from Section A and Section B. Answer one question
• from Section C.
Answer the questions in the spaces
provided – there may be more space than
you need.
Information
• The total mark for this paper is
• The marks for each question are shown in brackets
– use this as a guide as to how much time to spend on each question.
• 100.
Calculators may be used.
Advice
• Read each question carefully before you start to answer it.
• Check your answers if you have time at
the end.
Turn over
P80499A
©2025 Pearson
Education Ltd.
Y:1/1/1/1/e2/1/1
, SECTION A
Answer ALL questions. Write your answers in the spaces provided.
AREA
DO NOT WRITE IN THIS
Some questions must be answered with a cross in a box . If you
change your mind about an answer, put a line through the box and
then mark your new answer with a cross .
You are advised to spend 30 minutes on this section.
Use the data to support your answers where
relevant. You may annotate and include diagrams
in your answers.
1 The diagram below shows the cost and revenue curves for a pizza in a
popular high street restaurant. The restaurant currently pursues an
objective of
revenue maximisation.
Costs/
revenues
MC
AC
AREA
DO NOT WRITE IN THIS
14
10
8
7
AR
0
130 Quantity of pizzas sold
98 MR
(a) Calculate the change in total supernormal profit if the restaurant
changes its objective from revenue maximisation to profit
maximisation. You are advised to show your working.
(4)
AREA
DO NOT WRITE IN THIS
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
,2
■■■■
, ......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
DO NOT WRITE IN THIS
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
AREA
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
(b) Refer to the previous diagram. There is a reduction in the demand for pizza.
Ceteris paribus, which one of the following will happen to the restaurant’s
average revenue and marginal revenue as a result of this change?
(1)
A Average revenue and marginal revenue both fall
DO NOT WRITE IN THIS
B Average revenue and marginal revenue stay the same
C Average revenue falls and marginal revenue increases
D Average revenue increases and marginal revenue falls
(Total for Question 1 = 5 marks)
AREA
DO NOT WRITE IN THIS
AREA
3
■■■
■ Turn over
candidate information
Candidate surnameOther names
Centre Number Candidate Number
Pearson Edexcel Level
3 GCE
Monday 12 May
Morning (Time: 2 hours)
2025 referen 9EC0/
ce
Economic Paper 01
🟐 🟐
Advanced
sPAPER
A 1: Markets and Business Behaviour
You must have: Total Marks
Source Booklet (enclosed)
Instructions
• Use black ink or ball-point pen.
• Fill in the boxes at the top of this page with your
centre number and candidate number.
• There are three sections in this question paper. Answer all
name,
questions from Section A and Section B. Answer one question
• from Section C.
Answer the questions in the spaces
provided – there may be more space than
you need.
Information
• The total mark for this paper is
• The marks for each question are shown in brackets
– use this as a guide as to how much time to spend on each question.
• 100.
Calculators may be used.
Advice
• Read each question carefully before you start to answer it.
• Check your answers if you have time at
the end.
Turn over
P80499A
©2025 Pearson
Education Ltd.
Y:1/1/1/1/e2/1/1
, SECTION A
Answer ALL questions. Write your answers in the spaces provided.
AREA
DO NOT WRITE IN THIS
Some questions must be answered with a cross in a box . If you
change your mind about an answer, put a line through the box and
then mark your new answer with a cross .
You are advised to spend 30 minutes on this section.
Use the data to support your answers where
relevant. You may annotate and include diagrams
in your answers.
1 The diagram below shows the cost and revenue curves for a pizza in a
popular high street restaurant. The restaurant currently pursues an
objective of
revenue maximisation.
Costs/
revenues
MC
AC
AREA
DO NOT WRITE IN THIS
14
10
8
7
AR
0
130 Quantity of pizzas sold
98 MR
(a) Calculate the change in total supernormal profit if the restaurant
changes its objective from revenue maximisation to profit
maximisation. You are advised to show your working.
(4)
AREA
DO NOT WRITE IN THIS
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
,2
■■■■
, ......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
DO NOT WRITE IN THIS
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
AREA
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
......... ........... ........... ........... .......... ........... ........... ........... ........... ........... ............ ........ ...... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ......................
(b) Refer to the previous diagram. There is a reduction in the demand for pizza.
Ceteris paribus, which one of the following will happen to the restaurant’s
average revenue and marginal revenue as a result of this change?
(1)
A Average revenue and marginal revenue both fall
DO NOT WRITE IN THIS
B Average revenue and marginal revenue stay the same
C Average revenue falls and marginal revenue increases
D Average revenue increases and marginal revenue falls
(Total for Question 1 = 5 marks)
AREA
DO NOT WRITE IN THIS
AREA
3
■■■
■ Turn over
