I hope they do come now..
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MustafaMotani
AlphaBeta
oh crap ya man neva noticed !! thanks alot finally got it
oh crap ya man neva noticed !! thanks alot finally got it
MustafaMotani
for V33..
see the dottted lines now yu know that gradient of line through origin to point of curve corresponding to OQ3 is least so minimum ATC at that point hence thats the anser.. Now u might ask why 8 C is wrong.. see the way the graph ends at cost axis .. its quite vertical..
see the dottted lines now yu know that gradient of line through origin to point of curve corresponding to OQ3 is least so minimum ATC at that point hence thats the anser.. Now u might ask why 8 C is wrong.. see the way the graph ends at cost axis .. its quite vertical..
MustafaMotani
so yu dont know exactly till where yu have fix costs and draw corresponding lines for AVC so just ignore AVC options coz not enuff info is given to compare AVC
MustafaMotani
Gladd yu asked.. it helpedd me too ..
AlphaBeta
(Y) btw try V33 Q13 , thats also another headache , n i guess maths related
MustafaMotani
yah its D .. not mathematics... its economics.. i thnk at OQ prodcuers lose y and consumers gain x so net benefit to society is x-y..
not so sure though
not so sure though
MustafaMotani
my teacher says y is external costs not loss of producers and x is conumer surplus >
AlphaBeta
oh ya
oh ya
AlphaBeta
i tought net benefit is welfare gain , is there any diff ?
AlphaBeta
shit this is a negative externalities question , then Y should be Deadweight loss and x Consumer surplus as u said thanks again
thanks again
MustafaMotani
Welfare net benefit is overall gain to the society.. positives less negatives
AlphaBeta
Bro the curve tng , how do we apply for Marginal COsting :/ ? these CIE guys are just awsom >http://papers.xtremepapers.com/CIE/Cambridge%20International%20A%20and%20AS%20Level/Economics%20(9708)/9708_w13_qp_31.pdf
Q7
Q7
MustafaMotani
I m not getting q.8 ..
MustafaMotani
7.D.?
AlphaBeta
i asked a guy in here nad he said we hav to minus the x bcz negativ economic rent , but i still dint get it :/
AlphaBeta
ya 7D how man , wat u said i applied n got C :/
MustafaMotani
u cant apply that there coz yu dont know exactly where TC curve intersects cost axis.. it is because yu notice that curve becomes vertical as it appproaches cost axis .. so it is doubtful from where to draw lines ... MC is tangents to the curve.. if u draw tangents on the curve yu will see that it is least steep at OQ2
AlphaBeta
so then MC= tangent ?