Economics p3 post ur doubts here..:)

[Speed_Freak]

what does our location say?
not all of us though

Cool just your name speaks other wise xD love the climate atm. don't you

 

[David Hussey]

yea gud climate

 

[Rukia@Sullemana]

please explain this. thank you. answer is B. i think.

 

[David Hussey]

please explain this. thank you. answer is B. i think.

is it D

 

[AlphaBeta]

please explain this. thank you. answer is B. i think.

B?

 

[Rukia@Sullemana]

B?

yeah it's B. can you explain?

 

[David Hussey]

D how?

 

[Speed_Freak]

View attachment 44779
D how?

electronic goods is an industry

 

[3fatak]

View attachment 44779
D how?

because structural unemployment occurs when workers lose jobs because demand switches from their industries to more competitive foreign industries

 

[David Hussey]

 

[AlphaBeta]

View attachment 44781

oil means more demand fr exports , currency appreciates

 

[AlphaBeta]

yeah it's B. can you explain?

3 worker earns firm revenue of 3 x 16 x 1 = $48
2 workers earns revenue = 2 x 18 x 1 = $36

now when wage is 10$ 3 workers cost 30$ (profit = $18)
2 workers cost $20 (profit = $16)

so he would hire 3 workers.. if wage rises to $14
3 workers cost $42 (profit $6)
2 Workers cost $28 (profit $8)

and hence will hire 2 workers

 

[Speed_Freak]

if anyone is interested. there's a site for revision mcq's
http://global.oup.com/uk/orc/busecon/economics/gillespie_econ2e/01student/mcqs/
i'll just leave this here

 

[AlphaBeta]

if anyone is interested. there's a site for revision mcq's
http://global.oup.com/uk/orc/busecon/economics/gillespie_econ2e/01student/mcqs/
i'll just leave this here

oxford

 

[Speed_Freak]

oxford

lol i know but it helps a lot. the mcqs i mean

 

[AlphaBeta]

lol i know but it helps a lot. the mcqs i mean

ya thanks alot
best tng no need to check da Marking Scheme

 

[Speed_Freak]

ya thanks alot
best tng no need to check da Marking Scheme

exactly

 

[David Hussey]

 

[AlphaBeta]

View attachment 44783

Automatic stabilizers again
decreasin spendiin
so gov spendin will increase and govt revenue falls

 

[David Hussey]

Automatic stabilizers again
decreasin spendiin
so gov spendin will increase and govt revenue falls

ah these jokers purposely say govt takes no action