The firm will hire where MRP =MC......hence as wage (MC) is 140....it will employ 2 workers where MRP is 140 too! =)
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A very short cut method to solve this question is;sir could you please explain q17-
http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Economics (9708)/9708_w09_qp_31.pdf
ans is B
thanks
3A You can clearly see that the consumer is going to buy more of X goods after shift. It happens when there is fall in price of X. On the other hand consumer has decreased the quantity of Y even though its price is kept constant. So, what has made him to do so? that is his lower income. So, fall in price of X has shifted the graph on x-axis from K to H and fall in income has shifted the graph on y-axis from J to G.may june 2008, p3 mcq no. 23 and 2. some one pls help! http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Economics (9708)/9708_s08_qp_3.pdf
may june 05 question 21 pls help
are you sure ur method is ryt ?Check this out, naheelnisar, its a similar question
may june 05 question 21 pls help
sir pls help me in may june 05 question 18 pls21B Increase in marginal propensity to save results in increase in supply of loanable funds. Similarly, discovery of new oil reserves means investors will demand more funds to start new projects for extraction of oil. So, demand and supply both will rise and they will shift to the right determining new equilibrium at E2 where S2 and D2 are intersecting each other. Demand for loanable funds comes from private people, investors, households as well as the government.
but the answer is D which is 6 units.The firm will hire where MRP =MC......hence as wage (MC) is 140....it will employ 2 workers where MRP is 140 too! =)
keep in mind that there are two options where MRP is 140. So, how you decided to select 2 workers option. the actual answer is like this;The firm will hire where MRP =MC......hence as wage (MC) is 140....it will employ 2 workers where MRP is 140 too! =)
but the answer is D which is 6 units.
sir pls help me in may june 05 question 18 pls
23A Rightwards shift in LP curve (which is actually demand for money curve) has resulted in rise in interest rate. Now if people are buying more bonds in the open market then their demand for money (i.e. LP) will shift inwards and previous interest rate will be restored. Demand for money means holding of cash at home. Demand for money and demand for loanable funds are totally different from each other. Do not confuse them with each other. Relate it to Q 21 / June 2005may june 05 question 23 I dont understnd this concept pls someone hlp
Can someone please help me with may/june 2008 question 23
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