Economics 12

[djdead1]

what was your paper code??

11

 

[djdead1]

it should be because i did a similar questions in the papers
first we calculate the opp costs then apply comparative advantage
then reverse the ratio for e.r
though i too make a lot of silly mistakes : p
Did u get 15/17 As in olevel? i think i asked you for your percentages once
on Olevel forum : p

for whom is this post for???

exactly, lol

 

[sonamali]

-20

 

[sonamali]

-20

 

[djdead1]

-20

huh?

 

[JamesSmith]

-20

i wonder what is -20 is?

no paper code.. maybe answer for the Terms of Trade question.. !!??!! which was actually 80 i;m confused though!

 

[Echelon94]

James sir! ..just tell me will a company train ALL of its workers at times when it
can refine oil and earn profits!? it wont be able to earn profits then
They do train workers but not all of them, and they do train them
such that it does not effect their output..secondly check cie eco book : p

oh FULL STORAGE TANKS ARE NOT FULL STORAGE TANKERS!!!
Check internet and book for this..you will find Ability to store a point
and move on!

what CIE books and internet are you talking about man?
they say: "Ability to store output: The goods which can be safety stored have relatively elastic supply over the goods which are perishable and do not have storage facilities.";

"The determinants of the price elasticity of supply are: The storage capacity of the firms (if they have more goods in stock they will be able to respond to a change in price quicker)"

http://www.economicsconcepts.com/determ ... supply.htm
http://www.bookrags.com/wiki/Price_elasticity_of_supply

 

[JamesSmith]

Thank you Echelon94 for finding these links and making the point clearer as I had no energy yesterday after reading A2 chapters to research again for old topics.