Qualification > Commerce
economics multiple choice!!
~cornelia~:
thanks dasith,
i get the answers now when you guys are explaining it...but how will i do it in exam?? :( ??? i will be confused then plus i have less time!!
any tips?
edit:
i have a question...if a BBC (british broadcasting) increased its license fee(its compulsory on the viewers), will it have any affect on the production possiblity curve (assuming it only supplies educational and popular programmes)
my answer would be no, because even if it earns more money it wont be able to buy more time in a day to air more programmes, right?
Dasith:
--- Quote from: ~cornelia~ on November 01, 2011, 06:28:48 pm ---thanks dasith,
i get the answers now when you guys are explaining it...but how will i do it in exam?? :( ??? i will be confused then plus i have less time!!
any tips?
edit:
i have a question...if a BBC (british broadcasting) increased its license fee(its compulsory on the viewers), will it have any affect on the production possiblity curve (assuming it only supplies educational and popular programmes)
my answer would be no, because even if it earns more money it wont be able to buy more time in a day to air more programmes, right?
--- End quote ---
Not exactly ,The BBC might lack money it might be one of its limited resources , but if it manages to increase price & get enough money , its ability/capacity to produce more programs increases , in a PPC its not only the actual production we see , but also the capacity.So its likely to pan/shift right.
But different ppl can argue out in different ways, if you come up with enogh points to prove your answer, u are most likely to get marks.
~cornelia~:
--- Quote from: Dasith on November 02, 2011, 12:05:52 am ---Not exactly ,The BBC might lack money it might be one of its limited resources , but if it manages to increase price & get enough money , its ability/capacity to produce more programs increases , in a PPC its not only the actual production we see , but also the capacity.So its likely to pan/shift right.
But different ppl can argue out in different ways, if you come up with enogh points to prove your answer, u are most likely to get marks.
--- End quote ---
even if BBC lacks money, with increased funds, it cannot buy more time in a day!! its unattainable according to me.
like in 24hours of the day , it used 10hrs for educational programmes and 14hrs for popular(including all the re-runs and commercials)...even if BBC increases its licence fee, it cannot buy extra hours of the day right?? it will not be shift but movement is possible!
maybe with the extra money it can only increase the quality of its service! :-\
if you this answer could be right..umm how to write it in the paper??
Dasith:
--- Quote from: ~cornelia~ on November 02, 2011, 06:45:14 pm ---even if BBC lacks money, with increased funds, it cannot buy more time in a day!! its unattainable according to me.
like in 24hours of the day , it used 10hrs for educational programmes and 14hrs for popular(including all the re-runs and commercials)...even if BBC increases its licence fee, it cannot buy extra hours of the day right?? it will not be shift but movement is possible!
maybe with the extra money it can only increase the quality of its service! :-\
if you this answer could be right..umm how to write it in the paper??
--- End quote ---
could you provide me the whole question pleaz , i'd be able to help u more then,
well if they are Providing their servise all 24/7 then its impossible to increase their production. But it their capacity to start up another channel increases , & possibly the quality of the servise.Also if theres an increase in spending there is an increase in output.
Income=Expenditure=output
~cornelia~:
--- Quote from: Dasith on November 03, 2011, 12:12:03 am ---could you provide me the whole question pleaz , i'd be able to help u more then,
well if they are Providing their servise all 24/7 then its impossible to increase their production. But it their capacity to start up another channel increases , & possibly the quality of the servise.Also if theres an increase in spending there is an increase in output.
Income=Expenditure=output
--- End quote ---
ummm the question wasnt very informative!
may/june 2007 p2 question (a.1) and (c.2)
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