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A Levels Economics MCQ Doubts

B!(+)(+)dy $k(_)!!

B!(+)(+)dy $k(_)!!

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madoka said:
yar i

s kai ans D hai
as
Coz It Effects the price mechanism
in more detail

Max prices Set karne se Price mechanism Effect hota hai Price mech is Jab forces of Demand n supply Meet kre Independently Jo price set ho
Click to expand...
But in the MS it's B :(
And what is exactly rationing? (Please explain in English :p )
 
Sana Adnan

Sana Adnan

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B!(+)(+)dy $k(_)!! said:
madoka this one too... :) it's visible right?
View attachment 48667
Click to expand...

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 cannot practically implement division of labour.
Options C and D are both businesses that cater to customized orders which means there products are not standardized. That brings us down to B where the assembler has a large number of workers employed and products are standardized.
 
Sana Adnan

Sana Adnan

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madoka said:
yar
i

have doubt on it
what is its ans
b or d
in makr scheme
Click to expand...
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 more applicable in scenarios where standardization is required.
A bakery that employees only two workers cannot practically implement division of labour.
Options C and D are both businesses that cater to customized orders which means there products are not standardized. That brings us down to B where the assembler has a large number of workers employed and products are standardized.
 
B!(+)(+)dy $k(_)!!

B!(+)(+)dy $k(_)!!

Messages
309
Reaction score
210
Points
53
Sana Adnan said:
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 cannot practically implement division of labour.
Options C and D are both businesses that cater to customized orders which means there products are not standardized. That brings us down to B where the assembler has a large number of workers employed and products are standardized.
Click to expand...
Okay... Thank you soo much... Got itt... :)
 
B!(+)(+)dy $k(_)!!

B!(+)(+)dy $k(_)!!

Messages
309
Reaction score
210
Points
53
Aakash Raka said:
View attachment 48713

In the ms the answer is C i agree with that but why cant the answer be B and is this a unitary elastic curve?
B!(+)(+)dy $k(_)!!
Click to expand...
Aakash Raka it's C only cause it's not a unitary elastic curve...
Read in the textbook ... This type of curve suggests that in the top half the PED > 1
whereas the bottom half is PED < 1 ...
So the PED is changing... Calculate the % change... It'll be different at all prices... Check it... :)
 
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