Economics, Accounting & Business: Post your doubts here!

[WaleedUQ]

4th ke MU was 12 and price charged for product was 4...
C correct hai yar

I marked C dont remeber the ans

 

[memyself]

it was A

um what was option A?

 

[Faadii]

i think 5 4 dont remember ;p

bro its 4 units -

 

[youzair]

then it was 4 yea i know 12/4 was 3

Yeah it was 4.. I drew a table then i did it..its the most repetitive que of mu

 

[memyself]

it was A

um what was option A?

 

[WaleedUQ]

bro its 4 units -

my my bad bad
its C 4 units i saved my ans in cal its C

 

[WaleedUQ]

Making someone worse off by getting better off is economic efficiency

um what was option A?

 

[Faadii]

my my bad bad
its C 4 units i saved my ans in cal its C

haha np ! do u remember the answer of last 4 questions ? can u tell me

 

[Faadii]

Making someone worse off by getting better off is economic efficiency

the Answer is C , Social cost minimised

 

[WaleedUQ]

oh yea
3 1 2 4
C A B D
not sure about 28 :\

 

[WaleedUQ]

the Answer is C , Social cost minimised

its a repeated question

 

[Bushrafareed]

I'm not saying marginal cost isn't relevant , what I'm proving is marginal cost reaches to minimum first and even this question is is proving it.

read what comes first,
for business marginal cost is relevant what i am trying to tell you is that ure approach is not appropriate

 

[Faadii]

its a repeated question

but for me it is new .

 

[WaleedUQ]

its a repeated question

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In economics, the term economic efficiency refers to the use of resources so as to maximize the production of goods and services.[1] An economic system is said to be more efficient than another (in relative terms) if it can provide more goods and services for society without using more resources. In absolute terms, a situation can be called economically efficient if:

• No one can be made better off without making someone else worse off (commonly referred to as Pareto efficiency).
• No additional output can be obtained without increasing the amount of inputs.
• Production proceeds at the lowest possible per-unit cost.

Sources WIKI

 

[WaleedUQ]

but for me it is new .

then you are wrong na buddy

 

[Faadii]

oh yea
3 1 2 4
C A B D
not sure about 28 :\

what is 3 1 2 4 ? " < ( 26 ,27, 28 ,29,30) ?

 

[WaleedUQ]

I'm not saying marginal cost isn't relevant , what I'm proving is marginal cost reaches to minimum first and even this question is is proving it.

Bushra if MC rises it gives a indication to to rude prod..
IF you see the curve it was not in its minimum cost infact it was rising

 

[WaleedUQ]

yea last 4

what is 3 1 2 4 ? " < ( 26 ,27, 28 ,29,30) ?

 

[Faadii]

yea last 4

Female participation one correct ! ?

 

[WaleedUQ]

Female participation one correct ! ?

yes