Economics p3 post ur doubts here..:)

[David Hussey]

Lisa Mccoy

 

[Speed_Freak]

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

lol XD

 

[David Hussey]

Speed_Freak pls chk my doubt

 

[Speed_Freak]

View attachment 44838
hw is it C
can sum1 help
its urgent!

profit maximizing is MC=AR. Demand curve is avg revenue curve. Adopting marginal costing means price and output both decreases yeah?

 

[David Hussey]

profit maximizing is MC=AR. Demand curve is avg revenue curve. Adopting marginal costing means price and output both decreases yeah?

profit max is mr=mc O_O

 

[:: A^]

profit maximizing is MC=AR. Demand curve is avg revenue curve. Adopting marginal costing means price and output both decreases yeah?

a monopoly can control only price OR output... not both.. in this case price falls, and output increases.. so C

 

[David Hussey]

a monopoly can control only price OR output... not both.. in this case price falls, and output increases.. so C

i asked u this doubt b4 and u said to byheart
and now -_-
dirty bugger

 

[:: A^]

i asked u this doubt b4 and u said to byheart
and now -_-
dirty bugger

ado really? Sorry man... must have figured later

 

[David Hussey]

a monopoly can control only price OR output... not both.. in this case price falls, and output increases.. so C

y not the other way around? output falls and price increases

 

[:: A^]

y not the other way around? output falls and price increases

well, the govt wants the monopoly to change the price.. not the qty.. so its the price that the monopoly changes..

 

[Speed_Freak]

profit max is mr=mc O_O

sowwie i'm still awefully tired. slept quite late.

 

[David Hussey]

ahan k thnx man

 

[David Hussey]

sowwie i'm still awefully tired. slept quite late.

very gud -_-
i told u to sleep early

 

[Speed_Freak]

very gud -_-
i told u to sleep early

oh shush

 

[:: A^]

very gud -_-
i told u to sleep early

oh shush

awww

 

[David Hussey]

adai

 

[3fatak]

how was the paper??

 

[Speed_Freak]

how was the paper??

like eating sushi with soy sauce

 

[Bachelor]

like eating sushi with soy sauce

paper was quite easy guyz and remember dnt discuss before 9am

 

[David Hussey]

gud Alhamduliah!