Economics p3 post ur doubts here..:)

[unique111]

Bro, you calculate I+X+G-S-M-T. In option B it turns out to be 0. Since, injection is equal to leakage, the national income should be 800 as given in the option.

http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Economics (9708)/9708_w08_qp_3.pdf

question 16 anybody? i dont get how the answer is B?

how is consumption assumed to be 380 there?

 

[rackstagryan]

Bro, you calculate I+X+G-S-M-T. In option B it turns out to be 0. Since, injection is equal to leakage, the national income should be 800 as given in the option.

wow cool scene man thanks alot

 

[:: A^]

how D?

 

[acer786]

How B ? Urgent help needed!

 

[Bachelor]

Best of luck for tomorrow

 

[Lisa Mccoy]

any clue, why its B?

 

[unique111]

View attachment 44834
any clue, why its B?

When going from 2 to 3 workers, App decreases from 18 to 16. From option A, divide 18/10=2.25 and 16/10=1.6. Find there difference= 0.65. Try this for all the other option. The one with the greatest diff is the answer.
Credits: Speed_Freak

 

[unique111]

Best of luck for tomorrow

Thank you, bro! Good luck!

 

[unique111]

how D?

Govt. is selling securities so money supply will yes increase, and since it is selling to foreign residents, then foreign exchange reserves will be the one to increase.

 

[Lisa Mccoy]

When going from 2 to 3 workers, App decreases from 18 to 16. From option A, divide 18/10=2.25 and 16/10=1.6. Find there difference= 0.65. Try this for all the other option. The one with the greatest diff is the answer.
Credits: Speed_Freak

hey 18/10 is not 2.25, pls explain again

 

[David Hussey]

View attachment 44834
any clue, why its B?

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

 

[unique111]

hey 18/10 is not 2.25, pls explain again

Sorry, that should have been 18/8 from the first option. My bad.

 

[Lisa Mccoy]

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

thanks david

 

[Lisa Mccoy]

Sorry, that should have been 18/8 from the first option. My bad.

thanks i get it too,

 

[Lisa Mccoy]

all the best everyone

 

[David Hussey]

same 2 u

 

[David Hussey]

unique111

 

[David Hussey]

sorry abt the crappy diagram

 

[unique111]

sorry abt the crappy diagram

Nah. Not crappy. Thanks yo!

 

[David Hussey]

hw is it C
can sum1 help
its urgent!