Economics p3 post ur doubts here..:)

[Bachelor]

InshAllah will try my best to solve them

 

[David Hussey]

http://papers.xtremepapers.com/CIE/... AS Level/Economics (9708)/9708_s10_qp_32.pdf
24

 

[David Hussey]

ans is C
how? :/

 

[David Hussey]

ans D

 

[David Hussey]

more and more questions for you to tackle

ans is B
why not C, productive eff means lowest point on AC curve right?

 

[David Hussey]

ans is C

:: A^
u can contribute in helping as well
AlphaBeta
MustafaMotani

 

[AlphaBeta]

View attachment 44445
ans is C

:: A^
u can contribute in helping as well
AlphaBeta
MustafaMotani

100 workers TC = 100x400=40,000
101 workers TC=101x405 = 40905
so MC is the extra cost . Extra cost here is 40905-40000=905

 

[David Hussey]

100 workers TC = 100x400=40,000
101 workers TC=101x405 = 40905
so MC is the extra cost . Extra cost here is 40905-40000=905

cool can u help me with the other doubts posted above ^^

 

[AlphaBeta]

more and more questions for you to tackle
View attachment 44444
ans is B
why not C, productive eff means lowest point on AC curve right?

its not C bcz any point on the lowest of the A curve is prod efficiency
examiners report says this

 

[David Hussey]

its not C bcz any point on the lowest of the A curve is prod efficiency
examiners report says this
View attachment 44446

but in the cie endorsed textbook
for prod efficinecy to take place, they should with the firms cost curves, and the lowest curve should be chosen , and then the lowest point on that curve should be the point which is also technical efficency
and i wrote that in the exam for efficiency question, ill lose marks for that?

 

[AlphaBeta]

but in the cie endorsed textbook
for prod efficinecy to take place, they should with the firms cost curves, and the lowest curve should be chosen , and then the lowest point on that curve should be the point which is also technical efficency
and i wrote that in the exam for efficiency question, ill lose marks for that?

thats wrong , book published date less than 2009 don think u vll lose bcz in example candidate respons also students had written dat and no comments for that

 

[David Hussey]

ah ok
wb others?

 

[AlphaBeta]

View attachment 44443
ans D

MPP/price = best
so both less than 1 that is the price , so discontinue both

 

[David Hussey]

MPP/price = best
so both less than 1 that is the price , so discontinue both

it should be more than one to be the best?

 

[AlphaBeta]

it should be more than one to be the best?

ya , 2/5 is less than 1 , and 8/10 is less than 1
but selling at 1

 

[David Hussey]

oh ok
the inputs are less than the output? thts why?

 

[Bachelor]

View attachment 44440
ans is C
how? :/

if government imposes idirect tax supply will decrease increasing the price further so they will encourage mc pricing i.e price is equal to mc so that allocatve and productovely is there

 

[Bachelor]

more and more questions for you to tackle
View attachment 44444
ans is B
why not C, productive eff means lowest point on AC curve right?

productive effieciency means whch ever output is produced prodnuce it wth a lower possible cost here also X is the minimum cost so B because they can decrease cost further by producing more

 

[Bachelor]

View attachment 44445
ans is C

:: A^
u can contribute in helping as well
AlphaBeta
MustafaMotani

simple logic here to employ extra u will pay him 405 dud to whch u must increase the wage rate by 5 for all previous workers as well 100 x5=500 so 500 plus 405=905

 

[Bachelor]

View attachment 44443
ans D

price is 1 cost is 5 and 10 respectively

since price cant be increased as its p.c so they shud decreases both of them