A Level Economics:

[Qamar Baloch]

View attachment 36072

The Phillip's curve states that when the government tries to reduce the level of unemployment below that than natural unemployment rate, then due to this, inflation rises in an economy. This happens because when unemployment reduces, there is an increase in national income as more individuals are now employed and earn. This rises the aggregate demand for the economy which causes demand pull inflation.
However, there is a draw back of Phillip's curve and that is that sometimes, an economy experiences stagflation - a stiuation where unemployment is high and so is the rate of inflation - and phillip's curve does not define that.

Nice

 

[mmmmmm]

Qamar Baloch

Discuss whether the average variable cost has any significance in a perfectly competitive
market structure in determining (i) the output produced by a firm and (ii) the profit of a firm.

Sir , can u please explain this question?

 

[AlphaBeta]

How does long run average cost curve indicate the minimum average cost at which each level of output can be produced???

 

[Qamar Baloch]

How does long run average cost curve indicate the minimum average cost at which each level of output can be produced???

Thank you contribution to this thread. I will post the appropriate answer very soon as I get a bot of time.

 

[Qamar Baloch]

Qamar Baloch

Discuss whether the average variable cost has any significance in a perfectly competitive
market structure in determining (i) the output produced by a firm and (ii) the profit of a firm.

Sir , can u please explain this question?

Thanks dear for your contribution to this forum. I will post the apprporiate answer very soon.

 

[Qamar Baloch]

Thanks dear for your contribution to this forum. I will post the apprporiate answer very soon.

Average variable cost is of much significance in not only perfectly competitive market but also in other market sturctures as well because it sets the limit for the firm to remain in the market and continue production. whenever, the firm's output and price is such that its AR cannot cover its AVC then the firm would shut down. so to avoid shut down firm's need to keep an eye on average variable cost (AVC). furthermore, firm's short run supply curve is that part of marginal cost which lies above minimum of AVC. so, we come to know that its really very important in perfect competition.

 

[mmmmmm]

Average variable cost is of much significance in not only perfectly competitive market but also in other market sturctures as well because it sets the limit for the firm to remain in the market and continue production. whenever, the firm's output and price is such that its AR cannot cover its AVC then the firm would shut down. so to avoid shut down firm's need to keep an eye on average variable cost (AVC). furthermore, firm's short run supply curve is that part of marginal cost which lies above minimum of AVC. so, we come to know that its really very important in perfect competition.

thankyou, Sir. But can you elaborate the next statement which starts from "Furthermore".

 

[benjamin123]

free a level economics notes at d2rek.wordpress.com

 

[Qamar Baloch]

Guess for J14 will be available here very soon

 

[Sarah Paul]

Guess for J14 will be available here very soon

Yes thanks and hw far have the guess papers beeen succesful?

 

[Qamar Baloch]

Yes thanks and hw far have the guess papers beeen succesful?

100%

 

[Sarah Paul]

100%

So wen will u upload them?

 

[Qamar Baloch]

So wen will u upload them?

Very soon

 

[Sarah Paul]

Very soon

Before April?

 

[Qamar Baloch]

Before April?

In the 1st week of April

 

[Sarah Paul]

In the 1st week of April

K il be waitin fr it

 

[Qamar Baloch]

K il be waitin fr it

Ok dear. watch this thread in the 1st week of April. You may also post your problems here if you have any doubts. All of the group members will try to solve those problems at the first priority.

 

[Sarah Paul]

Ok dear. watch this thread in the 1st week of April. You may also post your problems here if you have any doubts. All of the group members will try to solve those problems at the first priority.

Yes sure
I thnk few months ago i posted sum doubts bt i ddnt get any replies

 

[Qamar Baloch]

Yes sure
I thnk few months ago i posted sum doubts bt i ddnt get any replies

Ok dear. but try to post them again because it would be difficult to search those.

 

[Sarah Paul]

Ok dear. but try to post them again because it would be difficult to search those.

I will cz i gt those cleared