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

[:: A^]

deadweight loss in most cases is a triangle

cool.. thanks man.. where to get 1990 papers? with MS?

 

[David Hussey]

wut do u mean big big english words?

 

[hadi6512462]

i got them from a book shop in Guleberg, lahore.....don't know from where you can get ...well they aren't available on internet...if you can do all the mcq's after 2000 so that's also enough.

cool.. thanks man.. where to get 1990 papers? with MS?

 

[:: A^]

How is the answer C? Why not D?
O/N/2005

 

[:: A^]

This too. O/N/2008. Answer is D. How?

 

[David Hussey]

How is the answer C? Why not D?
O/N/2005

the book says
For the firm the long run equilibrium is where MC=ATC=AR=MR
so that means in this questions, the firm is in disequilibrium, so shouldnt it b A or B
idk about industry

 

[unique111]

the book says
For the firm the long run equilibrium is where MC=ATC=AR=MR
so that means in this questions, the firm is in disequilibrium, so shouldnt it b A or B
idk about industry

For the firm, you produce where MC=MR, so it is in equilibrium. However, i don't get about the industry too. The er writes in a language i fail to decipher. :/

 

[:: A^]

For the firm, you produce where MC=MR, so it is in equilibrium. However, i don't get about the industry too. The er writes in a language i fail to decipher. :/

same.

the book says
For the firm the long run equilibrium is where MC=ATC=AR=MR
so that means in this questions, the firm is in disequilibrium, so shouldnt it b A or B
idk about industry

My point was, since PC market is a price taker - the price in this diagram should always be the markets equilibrium price. Right?

 

[unique111]

same.

My point was, since PC market is a price taker - the price in this diagram should always be the markets equilibrium price. Right?

Exactly. Maybe Bachelor could help us out?

 

[Bachelor]

Exactly. Maybe Bachelor could help us out?

will try my best so give me time im reading the question

 

[:: A^]

will try my best so give me time im reading the question

also check the other question i posted about the milk producers.. Jazakallah =)

 

[Bachelor]

How is the answer C? Why not D?
O/N/2005

logic is this that industry gives price or MR or AR to the firm..they get it via normal demand supply interaction...here production is based upon MC=MR meaning firm is maximising profit upto the last limit so its in equilbrium but industry not...
heres how
normal demand is AR for industry and suplly is AC not MC because in average total cost is also present and industry being a collection of firm have to consider this so here AC is above MR meaning they arent meeting so industry is in disquilibrium

 

[:: A^]

logic is this that industry gives price or MR or AR to the firm..they get it via normal demand supply interaction...here production is based upon MC=MR meaning firm is maximising profit upto the last limit so its in equilbrium but industry not...
heres how
normal demand is MR for industry and suplly is AC not MC because in average total cost is also present and industry being a collection of firm have to consider this so here AC is above MR meaning they arent meeting so industry is in disquilibrium

i think i get it.

 

[:: A^]

Bachelor and idea on the other one?

logic is this that industry gives price or MR or AR to the firm..they get it via normal demand supply interaction...here production is based upon MC=MR meaning firm is maximising profit upto the last limit so its in equilbrium but industry not...
heres how
normal demand is MR for industry and suplly is AC not MC because in average total cost is also present and industry being a collection of firm have to consider this so here AC is above MR meaning they arent meeting so industry is in disquilibrium

 

[Bachelor]

Bachelor and idea on the other one?

reading boy wait

 

[David Hussey]

logic is this that industry gives price or MR or AR to the firm..they get it via normal demand supply interaction...here production is based upon MC=MR meaning firm is maximising profit upto the last limit so its in equilbrium but industry not...
heres how
normal demand is AR for industry and suplly is AC not MC because in average total cost is also present and industry being a collection of firm have to consider this so here AC is above MR meaning they arent meeting so industry is in disquilibrium

ok so basically
for the firm to be in equilibrium , MR should be equal to MC
and for the whole industry, AR=AC
right?

 

[Bachelor]

reading boy wait

boy i will give the answer by tonite inshALLAH ..any other questions?

 

[David Hussey]

http://papers.xtremepapers.com/CIE/...d AS Level/Economics (9708)/9708_w06_qp_3.pdf
q16
please help

 

[Bachelor]

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Economics (9708)/9708_w06_qp_3.pdf
q16
please help

is it A?

 

[:: A^]

boy i will give the answer by tonite inshALLAH ..any other questions?

sure will be waiting..
Explain this

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Economics (9708)/9708_w06_qp_3.pdf
q16
please help