Economics, Accounting & Business: Post your doubts here!

[Xenon]

Re: eco

hi can anybody explain this mcq to me.
thank you
the correct answer is d

I'll give a try here...
the marginal value of smoke nuisance is the marginal external cost of production
specific tax will be imposed to cover the external cost produced and after imposing the tax the price will equal MPC+MEC (marginal external cost)
the price of the product is 2.00, hence choose values from the table that will add up to 2.00..you will see that at output 92, mpc is 1.20 and mec is 0.80... thus the tax is 0.80...

 

[bookbipii]

external cost = social cost - private cost........(i)
For 24th item,
substituting social cost in (i),
18 = 322 -private cost
Therefore private cost of producing 24th item (PC1)= 304
Private cost of producing 23rd item(PC2) = 316-16 = 300
So additional cost to a firm(Change in private cost) = PC1-PC2 = 304-300 = 4

 

[bookbipii]

external cost = social cost - private cost........(i)
For 24th item,
substituting social cost in (i),
18 = 322 -private cost
Therefore private cost of producing 24th item (PC1)= 304
Private cost of producing 23rd item(PC2) = 316-16 = 300
So additional cost to a firm(Change in private cost) = PC1-PC2 = 304-300 = 4

 

[student92]

accounts p2

freds pricing policy is cost plus 75%
so this means mark up is 75%, we need to calculate closing stock so, we will convert markup into margin
mark up is 3/4 so margin is 3/4+3 = 3/7
sales multiply by margin will give you cost of sales, right?
but the cie is not getting the same answer as mine, where am i going wrong help please
q1
http://www.xtremepapers.com/CIE/Interna ... 4_qp_2.pdf
http://www.xtremepapers.com/CIE/Interna ... 4_ms_2.pdf

 

[saimaiftikhar92]

PLEASE ....PLEASE HELP IN THE FOLLOWING MCQ'S ...... I NEED THE ANSWERS AS SOON AS POSSIBLE .....HURRYYYYY

ACCOUNTING NOVEMBER 2007 Q30
ACCOUNTING JUNE 2002 Q26
ACCOUNTING NOVEMBER 2002 Q20 AND 24.


please i need these very quickly and with workings for better understanding )

 

[saimaiftikhar92]

pleaseeeeee


thanking you in anticipation

 

[saimaiftikhar92]

PLEASE I POSTED THIS YESTERDAY :x

HELP ME IN THE QUESTIONS I HAVE POSTED

 

[saimaiftikhar92]

http://www.xtremepapers.com/CIE/index.p ... 2_qp_1.pdf (Q22,,24)

http://www.xtremepapers.com/CIE/index.p ... 6_qp_1.pdf (Q 26)

http://www.xtremepapers.com/CIE/index.p ... 7_qp_1.pdf (Q 30)

 

[saimaiftikhar92]

PLEASE ANYONE KNOW HOW TO SOLVE THEM???

 

[talhajohar]

19 In a closed economy with no government C = 30 + 0.7Y, where C is consumption and Y is
income.
The equilibrium level of income is 300.
What is the level of investment?
A 60 B 100 C 210 D 270

Help me how to get the answer

 

[saimaiftikhar92]

I HAVE ALSO POSTED SOME QUESTIONS ................PLEASE HELP ME IN THEM

 

[saimaiftikhar92]

http://www.xtremepapers.com/CIE/index.p ... 2_qp_1.pdf Q 22 ,24

http://www.xtremepapers.com/CIE/index.p ... 6_qp_1.pdf Q 26

http://www.xtremepapers.com/CIE/index.p ... 7_qp_1.pdf Q 30

 

[Xenon]

I HAVE ALSO POSTED SOME QUESTIONS ................PLEASE HELP ME IN THEM

hi, I would've liked to help but I didn't have accounting during my a-levels... so sorry there

 

[saimaiftikhar92]

OHHH....THANKYOU ANYWAYS

 

[abcde]

Can anyone please explain MCQ 10 of this paper: http://www.xtremepapers.com/CIE/Interna ... 2_qp_1.pdf?

 

[Nibz]

AOA!

X, Y and Z all possess 4 clocks each. They can 'supply' a maximum of four clocks, i.e, Qs = 4 ( and so Qd = 4) -> Equilibrium Price = 2
At "Equilibrium price 2", 'Demand' of X is 2, 'Demand' of Y is 4 and 'Demand' of Z is 6.
X initially has 4 clocks but now his demand is 2. So he would want to 'sell' those extra 2 clocks.
Y has nothing to do with anything. His demand is 4 and he already has 4.
Z initially has 4 but now his demand is 6. He'd want to buy those extra 2.
X the seller, Z the buyer. Option D.

Hope you find this helpful.

 

[abcde]

W.S!
How do you come to know that the supply curve is horizontal?

 

[Nibz]

That's not a supply curve. I just connected those points to compare them with the Price 2.

 

[abcde]

Makes sense, albeit I'll need to convince myself further. Thank you.

 

[Nibz]

No problem.
$2 is E.P. At $2, check the demands for X, Y and Z.