Economics, Accounting & Business: Post your doubts here!

[TheZodiac]

The question is:
a) Explain the difference between the law of diminishing marginal returns and economies of scale with the help of the relevant diagrams.
b) Explain what is meant by internal economies of scale and analyse the link between economies of scale and a firms long run average cost curve.

Can anyone help with the answer? And also diagrams? With the help of attaching pictures?
Help would be highly appreciated

I'd answer part 'b' in detail soon Insha'Allah.

 

[sayanora]

Hmm no replies at al

 

[AlphaBeta]

Hmm no replies at al

ask your questions one by one

 

[sayanora]

ask your questions one by one

Hmm k

 

[sayanora]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Business Studies (9707)/9707_s04_qp_1.pdf
5b

How do u answer this question is it abt wen it is applicable to be useed or shud we ryt the bvenefits and drtawbacks for it

 

[AlphaBeta]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Business Studies (9707)/9707_s04_qp_1.pdf
5b

How do u answer this question is it abt wen it is applicable to be useed or shud we ryt the bvenefits and drtawbacks for it

very sorry i am not doing business studies ..... ask any accounts or Economics doubts

 

[sayanora]

I want excellent notes on the 3rd unit of Econ
Abt the externalities and stuff

 

[student8]

hey guys plz answer the following questions
1)Discuss how a government’s macro-economic policies might affect the ability of businesses to achieve their objectives.
2)Discuss the importance of effective stock management for a manufacturer.

 

[AlphaBeta]

I want excellent notes on the 3rd unit of Econ
Abt the externalities and stuff

http://www.studyresourcecentre.in/downloads.html

 

[sayanora]

Can i get a good definition for economies of scale, fiscal policy, productivity

a standard answer

 

[student8]

Can i get a good definition for economies of scale, fiscal policy, productivity

a standard answer

Economies of scale is the avg cost reduction that arises with the increase in operation,it could either be internal– arising from within the company; and External – arising from extraneous factors such as industry size.
fiscal policy is concerned with decision about govt expenditure,tax rates and govt borrowing.these operate largely through the govt's annual budget decision.
A measure of efficiency of a person, machine,system or factory etc in converting inputs into useful outputs.(these are 2 or 3 marks answer)

 

[AlphaBeta]

Economies of scale is the avg cost reduction that arises with the increase in operation,it could either be internal– arising from within the company; and External – arising from extraneous factors such as industry size.
fiscal policy is concerned with decision about govt expenditure,tax rates and govt borrowing.these operate largely through the govt's annual budget decision.
A measure of efficiency of a person, machine,system or factory etc in converting inputs into useful outputs.(these are 2 or 3 marks answer)

Economies Of Scale is long run ...... we lose a mark if we dont mention that

 

[sayanora]

Thanks

 

[rupa]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Business Studies (9707)/9707_s04_qp_1.pdf
5b

Definiton of job production

hey....
A type of business model that performs or creates single and customized projects for a specific client. Job production is typically performed by skilledexperts to highstandard and usually allows for considerable flexibility and customization in the finished product.
hope this help u....

 

[sayanora]

Part exchange and impairment - explanations please
Is the double entry for part exchange DR non current assets and CR disposals?

 

[AlphaBeta]

Part exchange and impairment - explanations please
Is the double entry for part exchange DR non current assets and CR disposals?

we have to treat the part like treating cash

 

[sayanora]

hmmm k the double entry for part exchange is correct right?

 

[AlphaBeta]

hmmm k the double entry for part exchange is correct right?

the part a/c its credited ....
in the new machinery a/c da part amount is put

 

[sayanora]

ok

 

[ICCWC2015]

Dept A = 3/5 * 30000 = 18000
Dept B = 2/5 * 30000 = 12000

plz tell me if its correct and thx

YEA IT'S correct..please tell me how?