Economics doubt P3 and P4, post it all in here!

[David Hussey]

i have uploaded the answers many hours ago see above

oh my bad
thnx btw

 

[Bachelor]

and what are the theories we should know for Keynesian and monetarists?

http://www.economicshelp.org/blog/1113/concepts/keynesianism-vs-monetarism/

 

[David Hussey]

http://www.economicshelp.org/blog/1113/concepts/keynesianism-vs-monetarism/

already checked tht

 

[Bachelor]

i have uploaded the answers many hours ago see above

guys A^ and david gimme ur facebook ids in message so that we can discuss more

 

[:: A^]

guys A^ and david gimme ur facebook ids in message so that we can discuss more

no facebook.. whatsapp group maybe?

 

[David Hussey]

yea no facebook here aswell
i am cool with whtsapp

 

[David Hussey]

http://papers.xtremepapers.com/CIE/... AS Level/Economics (9708)/9708_s10_qp_32.pdf
q24

 

[rupa]

when u employ an extra worker u have to pay him a higher wage in order to attract him bt u have to increase the wages of previous workers as well so that equality is maintained otherwise they might riot...so basically the formula to find the total marginal cost is
new total wage bill minus previous total wage bill=marginal cost
(X multiply by 31 minus 40 multiply by 30)=102
here they ask u to find the additional rise so our X is the new wage rate when u compare it the difference is two
X=42 previous was 40 so it shud increase by 2 dollar hence A is the answer

thanks a lot...

 

[acer786]

Ans is B .. but how ?? Help please

 

[:: A^]

Ans is B .. but how ?? Help please

draw a rough AVC cure, the lowest point is 80. So the price should be atleast that to stay in production in the short run.

 

[acer786]

draw a rough AVC cure, the lowest point is 80. So the price should be atleast that to stay in production in the short run.

Cant we figure it out through mathematical calculations ? I know the method but my answer isnt the correct option ..u may help in caluculation..I might be making some error ?

 

[:: A^]

Cant we figure it out through mathematical calculations ? I know the method but my answer isnt the correct option ..u may help in caluculation..I might be making some error ?

hmm.. sorry but idk a mathematical approach.. this is what i learnt :/
Post your method here, ill see what i can do..

 

[Bachelor]

Cant we figure it out through mathematical calculations ? I know the method but my answer isnt the correct option
..u may help in caluculation..I might be making some error ?

Ans is B .. but how ?? Help please

u make sure that price is equal to minimum AVC whch is 80 i.e 240/3..aftr this its increasing so its the minimum so B is right

 

[rupa]

Ans is B .. but how ?? Help please

omg from 1990????
where do u get papers from????

 

[acer786]

omg from 1990????
where do u get papers from????[/quote

old book bank

 

[acer786]

Old Book bank

 

[rupa]

Old Book bank

hummm okok
seriously from 1990....i am breaking my head for doing papers from 2005 on-wards....
all the best....

 

[acer786]

u make sure that price is equal to minimum AVC whch is 80 i.e 240/3..aftr this its increasing so its the minimum so B is right

Umm i didnt get u exactly..i mean u divided 240 by 3 to get 80 ...y wouldnt We divide other v.c of greater number of outputs to get their avc too ? Because only then We Can décide the exact state

 

[acer786]

hummm okok
seriously from 1990....i am breaking my head for doing papers from 2005 on-wards....
all the best....

Thank u ... But i would suggest u to do more in order to secure à better grade

 

[AlphaBeta]

answer is C why cant it be D ?