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  1. J

    economics paper31 discussion

    Explanations q7 = the supply would increase as labour would be able to earn now within 36 hours work what it had to earn after working 39 hours. supply increases. and demand is going to fall as now it Labour has become more expensive. q12: AR is also the demand curve. consumers would buy only...
  2. J

    economics paper31 discussion

    oh my bad, i answered from p32..
  3. J

    economics paper31 discussion

    this one was easy! the government expenditure falls which shows fall in the national income (line comes below)(answer would be 2,3 or 4) the RATE of income tax was reduced which was the percentage (apply the concept of ad volerum) the line will change the direction( remove options 3 and 4) and...
  4. J

    economics paper31 discussion

    yes that is actually a hint to marginal utility concept.
  5. J

    economics paper31 discussion

    no. take out the marginal utility (MU) that is : utility of Unit 2 -utility of unit 1 then divide the answer with the price (i.e. 6 cents) in the case above: marginal utility is : 40 -28 = 12 price = 6 ratio: (MU/P) = (12/6) answer: 2
  6. J

    Economics 42

    but still you guys are lucky. once my seniors gave a clash of p22 of economics and business studies; both in morning session!
  7. J

    Economics 42

    oh you guys still have clashes. I don't get it why do they make the clashes. and that also of economics and business studies. they both require a lot of mental power.
  8. J

    economics paper31 discussion

    2,1.67, 1.3, ...... 0.5! now in between it was all decreasing. so the ratio was highest and the consumer is RATIONAL and would buy the quantity where the ratio is highest! :)
  9. J

    Economics 42

    hahah.. yea life is much simpler!!!
  10. J

    economics paper31 discussion

    it is simple. use the price in cents. it is no where mentioned that the price should be in dollars or pounds or yen. it can be anything which fulfills the functions of money. and it was clearly evident as the marginal utility was continuously decreasing.
  11. J

    Economics 42

    no i don't.. only economics. gave BS and maths last year!
  12. J

    Economics 42

    oh same here. But i'm done with the summer sessions' and only winters are left which i'm doing online. Don't have them in the book. :)
  13. J

    economics paper31 discussion

    it is going to be A, here the consumer is able to maximize the total utility. use the formula: (MU/P) the answer will be where the ratio is highest and in the question above it is only when 2 units are consumed
  14. J

    Economics 42

    yea, so hows your prep? done with all past papers?
  15. J

    ECONOMICS HELP!!!

    Cyclical: is experience when the economy is in recession or slump. Also, known as demand-deficient because such unemployment occurs due to low demand in the economy.
  16. J

    Optional subjects!

    I don't think people usually see weightage, in Pakistan at least. What matters here is how many subjects did you give and what grades did you score. Commerce is a good subject, you get the knowledge as well as it is scoring. Sociology has a lot of course and writing practice is required, which...
  17. J

    ExxtRA o' LeVEl SUBJECTS

    hey Taha, i know very well about Business Studies, Accounts and Statistics. One can prepare very well within two months and if you start now you can be an aspirant for A* definately. I have given these and score A grades. So, go for them and aice them. Good Luck!
  18. J

    :( sadd hlpp

    hey, your explanation sounds good. But i've heard that urdu papers are checked locally (i.e. in Pakistan) so there still lies a bit of uncertainty. However, you should get the Benefit of Doubt! Good Luck
  19. J

    Economics 42

    okay, i don't remember the case study very well but it did have something like underdeveloped economies performing well, their indicators, and strategies were given. Section B, there was a question which asked did firms always benefited from increasing the scale of production and are they...
  20. J

    Economics 42

    hey, yes i am surprised too that only four or five of us appeared in the economics paper... strange though! anyhow, as the time is over! so let us discuss the questions. But does anyone still remembers them? I don't!!
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