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Author Topic: economics pastpaper doubts!  (Read 6131 times)

Offline Tohru Kyo Sohma

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economics pastpaper doubts!
« on: May 11, 2011, 01:50:41 am »
can someone help me.....may june 2008 qns 1 a part 2!!!how to calculate?? ;D
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Offline Dasith

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Re: economics pastpaper doubts!
« Reply #1 on: May 11, 2011, 03:20:22 am »
CIE or edexcel?

& which paper??
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Offline Dasith

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Re: economics pastpaper doubts!
« Reply #2 on: May 11, 2011, 03:33:41 am »
k i guess its CIE Paper 2

Ans for part
1 a)
i) is november

now!!

ii)in november month @ begining of month i.e @ 1st november exchange rate was $1= 4300 kwacha
                                                                31st novembe exchange rate was $1=(3300)kwacha
                                                                                         difference is        =1000
as a %:: 1000/4300 * 100% =23.25%
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Offline Tohru Kyo Sohma

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Re: economics pastpaper doubts!
« Reply #3 on: May 11, 2011, 09:59:28 am »
Quote from: Dasith on May 11, 2011, 03:33:41 am
k i guess its CIE Paper 2

Ans for part
1 a)
i) is november

now!!

ii)in november month @ begining of month i.e @ 1st november exchange rate was $1= 4300 kwacha
                                                                31st novembe exchange rate was $1=(3300)kwacha
                                                                                         difference is        =1000
as a %:: 1000/4300 * 100% =23.25%

thanx alot dasith!!!
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Offline Tohru Kyo Sohma

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Re: economics pastpaper doubts!
« Reply #4 on: May 11, 2011, 10:01:27 am »
P2 may/june 2007 CIE.....qns 1 a part 1 and b!!! :-[
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Offline Dasith

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Re: economics pastpaper doubts!
« Reply #5 on: May 11, 2011, 10:09:40 am »
wat do u find difficult there ?
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Offline Tohru Kyo Sohma

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Re: economics pastpaper doubts!
« Reply #6 on: May 11, 2011, 10:29:08 am »
Quote from: Dasith on May 11, 2011, 10:09:40 am
wat do u find difficult there ?
qns 1 a part 1:i dont know how to draw the PPC..the mark scheme also didnt give a clear direction!
qns 1 b:i didnt get the qns as well as the answer
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Offline Dasith

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Re: economics pastpaper doubts!
« Reply #7 on: May 11, 2011, 10:40:50 am »
just , draw a normal PPC which gives a negetive relationship between the two i.e educaional programs
 & comedy programmes . Then explain wat is likely to happen if licence fees in crease , i.e there will be more production of comedy programmes . got it or u need more explanation
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Offline Dasith

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Re: economics pastpaper doubts!
« Reply #8 on: May 11, 2011, 10:52:09 am »
remember if u r showing a shiftt in PPC show with a pivoted shift i.e educational program production stays same while the other increases !
« Last Edit: May 11, 2011, 11:01:09 am by Dasith »
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Offline Tohru Kyo Sohma

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Re: economics pastpaper doubts!
« Reply #9 on: May 11, 2011, 11:02:52 am »
lol...i got it!! ;D what about the b part?
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Offline Dasith

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Re: economics pastpaper doubts!
« Reply #10 on: May 11, 2011, 11:08:55 am »
4 the other one, as u can see there is no producer surplus, this obviously show that producer is loosing/ gaining nothing, but still producing for 23 million households. consumer surplus is negetive after 17 million but however the net benitfit is higher as u can see in the diagram. Therefore it is possible to say that consumer is getting a higher benifit than they actaully pay for , (there expenditure is  23 x 121, & they recieve benifits of more than that )
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Offline Dasith

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Re: economics pastpaper doubts!
« Reply #11 on: May 11, 2011, 11:11:13 am »
hope u knw wat producer & consumer surplus is ;)
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Offline Tohru Kyo Sohma

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Re: economics pastpaper doubts!
« Reply #12 on: May 11, 2011, 11:17:11 am »
Quote from: Dasith on May 11, 2011, 11:11:13 am
hope u knw wat producer & consumer surplus is ;)
lol..yes i know wat they mean....thanx a ton dasith ;)
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Offline Dasith

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Re: economics pastpaper doubts!
« Reply #13 on: May 11, 2011, 11:25:10 am »
Quote from: mimiswift on May 11, 2011, 11:17:11 am
lol..yes i know wat they mean....thanx a ton dasith ;)

u sure u got it?, because i explained in a hurry O.o
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Offline Tohru Kyo Sohma

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Re: economics pastpaper doubts!
« Reply #14 on: May 11, 2011, 11:33:57 am »
Quote from: Dasith on May 11, 2011, 11:25:10 am
u sure u got it?, because i explained in a hurry O.o
[/quote/]
yes i think i got it.!!! :-[
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