A Level Economics:

[fahadzaidi96]

In perfect market there is perfction in wgaes. Same wage for all having same grade. Supply curve for labour/MCL will be horizontal straight line showing same wage. No differentials. But in imperfect marct there is no perfection. In case of monopoly wages are high and in case of monopsony wages are low. However, this criteria may change with time dependimg upon the cirumstance of each case. So, it is a question of fact.

Sir thanks for your response . However I am a bit confused since for occupation such as heart specialist the mrp is high since the mr and mp is high however when nurse is concerned the mr and mp is Low therefore Low mrp thus wage differential exist in perfectly labour mkt .please tell me where I am wrong ...

 

[cross]

I have Variant 32 and 42. I am not really well prepared at all, and my AS grades are also poor. I must get at least 61 out of 100 in both papers combined to get B. Please, anyone have any advice?

 

[dishant.k]

go n study ;-)
btw u r from Dhaka right ??
u have exams in midnight Is that true ??

 

[cross]

go n study ;-)
btw u r from Dhaka right ??
u have exams in midnight Is that true ??

if there are strikes, then yeah. for the safety of personnel, exams are postponed to 7:30 pm (morning session) and 12:00 am (afternoon session). On a regular day it's at 11AM Morning and 3PM afternoon.

By advice, I meant something like the focus chapters; there must be someone experienced enough to estimate what chapters will allow for easy marks this year.

 

[dishant.k]

if there are strikes, then yeah. for the safety of personnel, exams are postponed to 7:30 pm (morning session) and 12:00 am (afternoon session). On a regular day it's at 11AM Morning and 3PM afternoon.

By advice, I meant something like the focus chapters; there must be someone experienced enough to estimate what chapters will allow for easy marks this year.

well that's sad to hear about your country
btw by today Mr. Qamar Baloch will give a guess paper for p4 so get prepared

 

[cross]

well that's sad to hear about your country
btw by today Mr. Qamar Baloch will give a guess paper for p4 so get prepared

Oh, really? Where do I get to see this guess?
And yeah just fyi, I am just giving my exams here but I'm not actually a citizen.

 

[fahadzaidi96]

Difference between productive inefficiency and x inefficiency

 

[Alice123]

Oh, really? Where do I get to see this guess?
And yeah just fyi, I am just giving my exams here but I'm not actually a citizen.

in this thread Abraham Junaid

 

[shaahid]

Perfect market is economically efficient in short runin case of normal profit where minimum point of AC is tangent to AR curve. In long run it automatically achieved because of onlynormal profit in that time. Other markets are ineficient. However, monopoly can acheive economic efficiency in MC pricing policy. Oligopoly totally inefficient.

but perfect does not produce at the minimum pont of AC in the short run :/ how is it productive efficient?

 

[Analiegh]

By advice, I meant something like the focus chapters; there must be someone experienced enough to estimate what chapters will allow for easy marks this year.

Generally, 3 questions on Micro Economics and 3 on Macro. If I were you, I'd revise one that I'm more confident in. Personally, it is Macro economics. And in Micro only productive and allocative efficiency.

 

[anythin576]

Generally, 3 questions on Micro Economics and 3 on Macro. If I were you, I'd revise one that I'm more confident in. Personally, it is Macro economics. And in Micro only productive and allocative efficiency.

Analiegh is that the general trend in the number of questions from each section? I find myself in a similar situation with very little time for preparation. I am more confident with Micro. If I prepare it well and prepare sir qamar baloch's guess paper will I be safe?

 

[Analiegh]

Analiegh is that the general trend in the number of questions from each section? I find myself in a similar situation with very little time for preparation. I am more confident with Micro. If I prepare it well and prepare sir qamar baloch's guess paper will I be safe?

Question 1 will vary so you can get anything from Micro or Macro. But this will be generally easy. (Hopefully)

The essay questions are usually split into 3 Micro and 3 Macro. Something there are questions with a combination of both. For instance 2 part questions. A Will be macro and B will be micro.

They can't ask everything in the book. Look through past papers and find the general questions they ask for each chapter in your book. For instance chapter 5 (if I'm correct) they'll only ask about unemployment, and GDP/GNP/Welfare stuff

 

[saminchow]

Generally, 3 questions on Micro Economics and 3 on Macro. If I were you, I'd revise one that I'm more confident in. Personally, it is Macro economics. And in Micro only productive and allocative efficiency.

Are u done with ur Alevels???

 

[Analiegh]

Are u done with ur Alevels???

Just my A2 then I'm done.

 

[Qamar Baloch]

Ok I will try to post solutions tonight

 

[Qamar Baloch]

Thank you so much, sir!
Please send the solution too

Ok dear

 

[fahadzaidi96]

Ok I will try to post solutions tonight

Sir can you answer my above query

 

[fahadzaidi96]

Actually query regarding wages

 

[saminchow]

Difference between productive inefficiency and x inefficiency

whats x inefficiency???

 

[Qamar Baloch]

I

but perfect does not produce at the minimum pont of AC in the short run :/ how is it productive efficient?

It is true for only normal profit in short run and long run it is automatically achieved due to normal profitability.