Economics p3 post ur doubts here..:)

[AlphaBeta]

Is the answer D? A similar or maybe the same question was posted earlier, and solved by Bachelor i forgot the way to do it though.

answer B

 

[:: A^]

View attachment 44568
Anyone ?

Find the TP and MP

 

[AlphaBeta]

Find the TP and MP

haha i wish its easy as dat i did but not cmin , n examiners report says we hav to equate MRP to wage

 

[:: A^]

View attachment 44568
Anyone ?

what yer?

 

[AlphaBeta]

what yer?

oct/nov 2006 ppr 3 q4

 

[David Hussey]

oct/nov 2006 ppr 3 q4

did u find the ans to the 2004 question? w-x or something

 

[:: A^]

oct/nov 2006 ppr 3 q4

This is what i got.
MRP for 3 workers is 12
MRP for 2 workers is 16
Since perfect competetion it wil employ until MRP = W or less..
So for 3 workers a wage rate of 12 or less would do
And for 2 workers wage rate of 16 or less would do.
So an increase from $10 and $14 would be acceptable.
Sure the answer can also be A, but B seems more practical, right?
Not 100% sure about this theory of mine though

 

[David Hussey]

This is what i got.
MRP for 3 workers is 12
MRP for 2 workers is 16
Since perfect competetion it wil employ until MRP = W or less..
So for 3 workers a wage rate of 12 or less would do
And for 2 workers wage rate of 16 or less would do.
So an increase from $10 and $14 would be acceptable.
Sure the answer can also be A, but B seems more practical, right?
Not 100% sure about this theory of mine though

hw did u get the mrp?

 

[Bachelor]

Q4??????

sorry i posted the wrng answer its B will tell u the xplanation

 

[:: A^]

use AP to find TP and difference of that is MPP.
Since price is$1, MPP = MRP

 

[David Hussey]

show the steps man

 

[David Hussey]

 

[David Hussey]

 

[David Hussey]

 

[David Hussey]

 

[AlphaBeta]

This is what i got.
MRP for 3 workers is 12
MRP for 2 workers is 16
Since perfect competetion it wil employ until MRP = W or less..
So for 3 workers a wage rate of 12 or less would do
And for 2 workers wage rate of 16 or less would do.
So an increase from $10 and $14 would be acceptable.
Sure the answer can also be A, but B seems more practical, right?
Not 100% sure about this theory of mine though

MRP = W is ok but" or less" i tink no other way

 

[acer786]

2013 may june varient 31 ...ans is B but mine is C :/
help please ?

 

[AlphaBeta]

2013 may june varient 31 ...ans is B but mine is C :/
help please ?

Even i got C , this was a past question , MS wrong i guess

 

[AlphaBeta]

did u find the ans to the 2004 question? w-x or something

no man , mara head ache question , SalmanPakRocks remember this question , u said u would ask ur sir and explain

Answer D i guess we hav to find the economic rent but how ?

 

[angel404]

normally,economic rent would just be 'z' but since the worker was working a 40 hour week he worked more than he was willing to.therefore 'x' is 'negative' economic rent.