Economics: Post your doubts here (O + A level)

[Suhaib]

Discuss whether the law of diminishing returns contradicts the concept of economies of scale.?? alevels
can any one help with its ans..?

Sorry i cant help , im in As

 

[Faiqa Ahmad]

Any tips for A levels Ecnomics P-2?

 

[Suhaib]

Someone plz help me with this and also give tips how to Answer Elasticity Long 8/12 marks Question .... I suck at this topic MJ 2011/variant 23

 

[asadalam]

View attachment 53395 Someone plz help me with this and also give tips how to Answer Elasticity Long 8/12 marks Question .... I suck at this topic MJ 2011/variant 23

First we have to explain what is meant by PES.Then we have to compare the expected PES of both these goods.Like PES of agricultural is likely to be inelastic as it depends upon season and we can not quickly change the amount we can produce if suddenly demand rises.Also these goods are mostly perishable hence they can not be stored indefinitely and used up in times of drought when demand is high like we can not store bananas as they decompose very quickly hence that makes supply inelastic.Then we can also say that cultivation of crops takes a long time and we can not quicken it up significantly as most of the labor is bound to be unskilled.Also it can also be inelastic as it requires a lot of land and if land is all used up there is no spare capacity for production,hence overall it will be inelastic.Then we give the flip side arguement and explain that manufactured will be more elastic as they can import raw materials easily,quicken up production as they can more easily acquire fixed capital to increase spare capacity ,store in inventory and sell when prices are high.Hence they can be elastic.

 

[Suhaib]

I need MCQ's Past Papers Compiled (Softcopy .pdf). If anyone having them kindly do share.

 

[Asim Shah]

hussain777 Hey all. Please help me put with this essay : discuss the ways in which a government might influence private investment in order to try to ensure sufficient economic growth in a country.
thanks in advaned

Whatsapp number 03056558801. For all Economics Business Studies and Accounting problems

 

[fatburrito123]

In a closed economy with no government, the level of investment is $5 million, the equilibrium level of income is $22 million, the full employment level of income is $25 million and there is a deflationary gap of $1 million. What can be deduced from this information?
A The marginal propensity to consume is 2/3 .
B The marginal propensity to consume is 1/3 .
C The value of the investment multiplier is 5.
D The value of the investment multiplier is 1.5.

Can someone please explain why A is the answer? Thank you!

 

[Nusrath Sayma]

Any idea when the grade thresholds will be released ? Thanks!

 

[Eygption student 2]

is there any change in syllabus

 

[Eygption student 2]

is there any change in syllabus between 2013 and 2015 igcse economics 0455

 

[IbrahimAsh]

For those who have issues in the demand and utility topic, this video is really helpful.

 

[Eygption student 2]

benefits of integration : security of supply

 

[Eygption student 2]

benefits of integration Security of supply

 

[Eygption student 2]

???? I didn't understand

 

[Eygption student 2]

what does dead weight loss in society means???

 

[Eygption student 2]

I teach economics, If anyone of you has any problem in this subject, you can ask here. I will be more than happy to help.

what is non manual union
igcse economics

 

[Waleed007]

Sir Munawar Ghazi the best and renowned teacher of economics in Karachi. Those who are interested to purchase his notes can PM. Here is a sample of all the topics. Notes are available in HARD COPY and SOFT COPY.

HARD COPY
Price- Rs. 800

SOFT COPY
Price- Rs. 400

 

[Eygption student 2]

Sorry i cant help , im in As

can uhelp me in igcse economics 455

 

[Eygption student 2]

do I need to memorize GNP per capita value for developed and developing
igcse economics

 

[Eygption student 2]

Re: Any body can ask any thing about ECONOMICS


AOA!
-> Use Price Elasticity of Demand formula: P.E.D = % change in quantity demanded / % change in price
-> P.E.D = -1 (nearly all elasticities of demand are negative)
-> % change in quantity demanded = ( Change in demand (delta Q) / Original quantity (Q) ) x 100 => 80
-> % change in price = ( Change in price (delta P) / Original Price (P) ) x 100 => (P - 12$/P$)x100

-> -1 = 0.8 /(P-12/P)
Use simple maths, the answer'd come out as $2.40.

CAN U HELP IN IGCSE ECONOMICS