We are currently struggling to cover the operational costs of Xtremepapers, as a result we might have to shut this website down. Please donate if we have helped you and help make a difference in other students' lives!
Click here to Donate Now (View Announcement)
I am also confused as its a tricky question.
http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Economics (9708)/9708_w07_qp_3.pdf
Q.23 Saiyan can you please tell me difference between idle and money balances..??
because the labour cost will be increased for the firm.
Saiyan
http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Economics (9708)/9708_s08_qp_3.pdf
ques 9 - both C and are possible right??
http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Economics (9708)/9708_s07_qp_3.pdf
q3 why D?? why nt B
if you'll help me i might be able to turn my A into A*
try to understand
Love from Pakistant to my bengali bro please yaar i beg you..
so for a similar ques. is it acceptsble if we say it shifted due to decrease in price of C instead of the real income thing. Why are the controversial ans. given in the options?? and wat abt the other ques. as in the O/N 09-32. difrence betwn monopoly n perfect comp.??Q3- Clearly, the shift in the budget line from JK to JH in the diagram could have been due to a reduction in the price of good X.However, one cannot definitely conclude that this is what caused the shift in the curve.Another possible cause would be an increase in money income accompanied by an increase in the price of good Y. All one can say for certain is that there has been a fall in the relative price of good X and that the consumer’s real income has increased.
so for a similar ques. is it acceptsble if we say it shifted due to decrease in price of C instead of the real income thing. Why are the controversial ans. given in the options?? and wat abt the other ques. as in the O/N 09-32. difrence betwn monopoly n perfect comp.??
the workers will be working lesser hours than before at the same wage rate, that's why.how wud labour cost! as its nly the labour hours thats falling!
Q.7 B, because their is constant return to scale, its a bit tricky. look capital has moved from 2 to 4, labour from 6 to 12, and output from 100 to 200. The % change is same.
Actually i cant do everything in one night...I can't believe that you are losing your cool! Don't panic! You always contract with me so whatever I say you may argue and I am not in a mood of arguing. Surprising, this is not the usual Waleed. You mentioned that you love taking challenges but now why are you you submitting your defeat. Previously you used to look down at us so now is the time regain that ancestral ambition which you showed to us 41 years ago. Take it as a Game of Thrones
I believe you have the guts of a true Pakistani use it!
ok i got that what about 15?Q.7 B, because their is constant return to scale, its a bit tricky. look capital has moved from 2 to 4, labour from 6 to 12, and output from 100 to 200. The % change is same.
Saiyan
http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Economics (9708)/9708_s08_qp_3.pdf
ques 9 - both C and are possible right??
http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Economics (9708)/9708_s07_qp_3.pdf
q3 why D?? why nt B
Yes, this an assumption, perfect competition has a ease of coming and going out of the market since they last long. This is written in only old economics book. And monopolistic competition are some what bound by price rigidity due to competition and have to seek product differentiation. The other options are not possible.
As for the second question, you have to remember any one-side or two-sided shiftment indicates an increase in income. Price reduction will rather increase for X but then again reduce for Y as income is still the same and the substitution effect also applies but rather it is the income effect which is required here. Income effect causes shift Substitution causes reallocation of the budget
hahaha wtf is goin on here ............................soooo..........................you watch Game of Thrones?
Best of luck evty1!
For almost 10 years, the site XtremePapers has been trying very hard to serve its users.
However, we are now struggling to cover its operational costs due to unforeseen circumstances. If we helped you in any way, kindly contribute and be the part of this effort. No act of kindness, no matter how small, is ever wasted.
Click here to Donate Now