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  1. Sana Adnan

    Economics, Accounting & Business: Post your doubts here!

    SaifKhan01 Hi Please check out this link. Resources are uploaded here from time to time. https://sanaadnan.wordpress.com/
  2. Sana Adnan

    A Levels Economics MCQ Doubts

    It is a property of a straight line demand curve that elasticity varies across all its points at all price levels. The PED=1 exactly at the midpoint. Above the midpoint as price increases, PED also increases. Likewise, at lower price levels below midpoint PED falls as price falls. Please see the...
  3. Sana Adnan

    Yes??

    Yes??
  4. Sana Adnan

    Economics, Accounting & Business: Post your doubts here!

    lxelle A monopoly producer "can ONLY control either price OR output but NOT both. This is because the producer's decision is constrained by the demand curve. If the producer decides what quantity to supply, then the consumer will decide the price at which they want to buy the quantity. Likewise...
  5. Sana Adnan

    Economics, Accounting & Business: Post your doubts here!

    Look carefully at the curve. When the government imposed tax, the producer didnt do anything to the price. He just moved his output to a new profit maximizing position (which occured due to a shift in MC). This means that the producer controlled the output. Automatically the corresponding price...
  6. Sana Adnan

    Economics, Accounting & Business: Post your doubts here!

    lxelle Hi, See you can get this concept of you will sketch a curve for monopoly showing effect of MC, MR and AR. I am attaching a rough sketch (sorry its untidy but hope this will help). The profit maximizing monopolist was originally producing an output of Q1 (MC=MR) and was charging a price at...
  7. Sana Adnan

    Economics, Accounting & Business: Post your doubts here!

    Hi, See you can get this concept of you will sketch a curve for monopoly showing effect of MC, MR and AR. I am attaching a rough sketch (sorry its untidy but hope this will help). The profit maximizing monopolist was originally producing an output of Q1 (MC=MR) and was charging a price at P1...
  8. Sana Adnan

    Economics, Accounting & Business: Post your doubts here!

    Hi. You should not waste time on making notes. That will waste time. Just read the book thoroughly and solve past papers. IGCSE students can use the quick revision guide on this link https://sanaadnan.wordpress.com/business-studies-2/igcse-study-guide/
  9. Sana Adnan

    Economics Formula Sheet Compiled

    Dear Students, A formula sheet for Economics with all important formulae compiled in one place have now been uploaded on my blog under the 'Guides & Other Resources' section. You can also access it using the link below...
  10. Sana Adnan

    Economics, Accounting & Business: Post your doubts here!

    For this particular question you can discuss three major effects of investment for 4 marks each. or 4 points for 3 marks each. 1. Start by explaining investment and discuss domestic and foreign investment. 2. Discuss effects of investment as an injection and how it effects Aggregate Demand and...
  11. Sana Adnan

    Economics -- Compiled Formula Sheet

    Dear Students, A formula sheet for Economics with all important formulae compiled in one place have now been uploaded on my blog under the 'Guides & Other Resources' section. You can also access it using the link below...
  12. Sana Adnan

    Economics doubt. Please help.

    Hello, This question is based on the concept of credit multiplier and liquidity ratio. Liquidity ratio is the minimum liquid cash out of total deposits that the bank is required to mantain. In this case its 20%. Credit Multiplier refers to how many times can you lend out every $1 of deposit...
  13. Sana Adnan

    IGCSE Business Studies (0450)

    Hii.. Get the latest edition of the book and read and re-read it thoroughly. Do NOT memorize anything but make sure you get the concepts well and you know how they can be applied. Solve as many past papers as possible. Try getting relevant case studies from other resources as well and solve them...
  14. Sana Adnan

    A Levels Economics MCQ Doubts

    In order to protect a country's economy against foreign imports, governments can use tarrifs, quotas and embargos as protectionism tools. Embargo is a complete ban on import sp answer has to be either B or C. Tarrif's are import taxes such as duties. The higher the tarriff, the more protected...
  15. Sana Adnan

    A Levels Economics MCQ Doubts

    The answer is B. I believe its B in the marking scheme too. I have already explained the reason earlier. The answer is B. Division of Labor is supposed to bring in specialization by dividing the whole production process into smaller tasks and making each labor do a small task. Therefore, it is...
  16. Sana Adnan

    Economics, Accounting & Business: Post your doubts here!

    The answer is B. Division of Labor is supposed to bring in specialization by dividing the whole production process into smaller tasks and making each labor do a small task. Therefore, it is more applicable in scenarios where standardization is required. A bakery that employees only two workers...
  17. Sana Adnan

    A Levels Economics MCQ Doubts

    The answer is B. Division of Labor is supposed to bring in specialization by dividing the whole production process into smaller tasks and making each labor do a small task. Therefore, it is more applicable in scenarios where standardization is required. A bakery that employees only two workers...
  18. Sana Adnan

    Economics, Accounting & Business: Post your doubts here!

    Find complete notes on Costs, Benefits and Market Failure here. http://sanaadnan.wordpress.com/economics-2/99-2/
  19. Sana Adnan

    Economics, Accounting & Business: Post your doubts here!

    Hi..dont memorize. Get things conceptually. For more help, read this http://sanaadnan.wordpress.com/guides-and-other-resouces/scoring-high-in-an-economics-exam/
  20. Sana Adnan

    Economics, Accounting & Business: Post your doubts here!

    The additional cost of producing 24th unit means the question is asking you to find out the Marginal Cost (cost of producing an additional unit of output). In order to do that find Private Cost (cost to producer) of 23rd and 24th unit. Private cost is the difference between Social Cost and...
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