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Economics, Accounting & Business: Post your doubts here!

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Does anyone have a textbook for a level business,
I have the one made by cambridge but my teacher notes is quite simplified
Should i study from the notes or the book ?
 
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Ive cheked almost everything cudnt find
will they have it in jeya?
idk but best to check!

Does anyone have a textbook for a level business,
I have the one made by cambridge but my teacher notes is quite simplified
Should i study from the notes or the book ?
concentrate in ur teacher's notes but do go through the text book a bit as well!
 
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How can the MC curve of a perfectly competitive firm affect the supply curve of the industry?
 
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The merit goods affect the demand curve and demerit goods affect the suply curve.
Is htis correct? This confuses me alot
 
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Can anyone help me wid dis question.
Its may/june 2006 Paper 1 Q7

The price elasticity of demand for good X is 1. At a price of $12, quantity demanded is 4000 units.
What will be the price when quantity demanded is 20 000 units.

A $2.00 B $2.40 C $2.66 D $20.00
 
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Can anyone help me wid dis question.
Its may/june 2006 Paper 1 Q7

The price elasticity of demand for good X is 1. At a price of $12, quantity demanded is 4000 units.
What will be the price when quantity demanded is 20 000 units.

A $2.00 B $2.40 C $2.66 D $20.00
Since price elasticity is 1 , total revenue doesnot change....therefore 12x4000 = 48000 .... therefore 48000/20000 =2.4
 
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