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A2 Economics Paper 3 (MCQ) Preparation Thread
- Thread starter Ratokursi
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may june 2005 question 18 pls help fast
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Ask your questions! I'll start off:
Please explain Q.7 and 15. Thank you.
Q7. it is B becuz when yu double the inputs, capital from 2 units to 4 and labour from 6 units to 12, the inputs double aswell i.e. 100 to 200 ... this means that the ratio b/w inputs and outputs remain the same, thus constant returns to scale .
Q15. i dnt knw how to really explain this one
but this is the area which represents the loss that is kinda not compensated . in other words, at this level of demand (OQ2), what they cud hv produced and what they r actually producing (or supplying) is the cost to the economy and area A represents that .- Messages
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hey kindly post the link.. i cudnt find the ppr i gues :S..
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Q7. it is B becuz when yu double the inputs, capital from 2 units to 4 and labour from 6 units to 12, the inputs double aswell i.e. 100 to 200 ... this means that the ratio b/w inputs and outputs remain the same, thus constant returns to scale .
Q15. i dnt knw how to really explain this one
oh i meant the outputs* double aswell, 100 to 200 units .
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cant find the paper on any website dont you have book or something ?
Thank you! I do not understand 15 well, but it seems like something I'll have to understand only partlyQ7. it is B becuz when yu double the inputs, capital from 2 units to 4 and labour from 6 units to 12, the inputs double aswell i.e. 100 to 200 ... this means that the ratio b/w inputs and outputs remain the same, thus constant returns to scale .
Q15. i dnt knw how to really explain this one
That is simply the formula for maximizing total utility from two goods. You have to remember it. The rationale behind it is that the ratio of the marginal utility to price should be equal for both goods..
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hey thankz! but i did some math after posting it here! n did understand it! thankz anyways!
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umm sorry, no =s i do them online always .
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umm yeah i knw i found it kinda difficult to explain so yeahThank you! I do not understand 15 well, but it seems like something I'll have to understand only partly
btw, np
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http://www.xtremepapers.com/papers/... AS Level/Economics (9708)/9708_w11_qp_31.pdf
Can somebody explain me q13?
Can somebody explain me q13?
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they will need more employees as workers will work few hours.
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It doesnt, it shifts to the left!
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im sorry! the marking scheme says it will shift to the left! my answer was shift to the right~
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ya but how n why?
Dude, in the mark scheme it says the answer is D! Demand shifts to the left! Not right.
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why does it shift to the left?