Economics p3 post ur doubts here..:)

[angel404]

normally,economic rent would just be 'z' but since the worker was working a 40 hour week he worked more than he was willing to.therefore 'x' is 'negative' economic rent.

 

[AlphaBeta]

normally,economic rent would just be 'z' but since the worker was working a 40 hour week he worked more than he was willing to.therefore 'x' is 'negative' economic rent.

how negative ?

 

[Someone101123]

Answer is D. why?

 

[David Hussey]

hey my doubts, stop ignoring people :/

 

[David Hussey]

AlphaBeta

 

[study chick96]

oct/nov 2006 Q21 plss help

 

[AlphaBeta]

AlphaBeta

dude cant be sure of these , i thought this is 1995 pprs man , wait till tmrw ia , il get da MS

 

[AlphaBeta]

oct/nov 2006 Q21 plss help

Substitute the values

 

[AlphaBeta]

View attachment 44609

is the answer D ?

 

[study chick96]

is the answer D ?

yess .. i still dont understand ..

 

[AlphaBeta]

yess .. i still dont understand ..

which year is that ppr ?

 

[David Hussey]

2013 may june varient 31 ...ans is B but mine is C :/
help please ?

its B
cox u need to find the marginal product
for 1 worker its 7
for 2 workers its 10
and then 9
8
6
so for the first 2 workers mp is going up
but with the third guy, mp falls, due to diminishing marginal returns

 

[study chick96]

which year is that ppr ?

OCT/NOV 2006

 

[David Hussey]

this is a useful video about marginal revenue product and mpp
www.youtube.com/watch?v=5lbLfTvP6qU

 

[David Hussey]

yess .. i still dont understand ..

Y=C+I because of closed economy and no government
sub C formula and I into it
Y=30+0.8Y+50
now find Y
1Y-0.8Y=80
Y=400
so D

 

[study chick96]

Y=C+I because of closed economy and no government
sub C formula and I into it
Y=30+0.8Y+50
now find Y
1Y-0.8Y=80
Y=400
so D

thanks alot !!! .. omg u are from sri lanka .. so am i

 

[AlphaBeta]

its B
cox u need to find the marginal product
for 1 worker its 7
for 2 workers its 10
and then 9
8
6
so for the first 2 workers mp is going up
but with the third guy, mp falls, due to diminishing marginal returns

i guess da answer is C man , i did this question b4 too , and 3rd worker is 8.66 4th worker only 8.5 , so 4th

 

[David Hussey]

i guess da answer is C man , i did this question b4 too , and 3rd worker is 8.66 4th worker only 8.5 , so 4th

hw r u getting decimals? :/

 

[David Hussey]

thanks alot !!! .. omg u are from sri lanka .. so am i

np
yup sri lanka

 

[AlphaBeta]

hw r u getting decimals? :/

i found da avg man , avg for each