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]

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?

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~]

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.

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]

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??

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~]

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

ummm the question wasnt very informative!

may/june 2007 p2 question (a.1) and (c.2)

[Dasith]

ummm the question wasnt very informative!

may/june 2007 p2 question (a.1) and (c.2)

It should be a sh*t of PPC to the right , because their capacity of producing more programms increases,(just like i said in my prev post). it is true that the BBC cannot produce more channels as they are producing broadcasting 24 hrs. But its not how much you produce is shown in a PPC , but how much you can produce.. ,even thaugh it production of more may seem impossible..., but in this case it cannot be said its impossible to produce more , BBC could start up another channel & do programmes.

Refer examiners reports for further info , i think its wat they expect.

[Dasith]

in C.(ii)

you can say ,why education & health are considerd to be public goods: give reasons,
                   why they are not to be considerd public : give reasons
                     Finally arive @ a conclusion why they can/ cant be considered public.(you might want to come up with enough & good reasons on one side to come up with a strong conclusion)

[~cornelia~]

@dasith-

thanks a bunch!! (once again) you helped me loads!

[~cornelia~]

i have a doubt again!

paper 1,oct/nov 2005, ques 5.
i dont get why the answer is C...please help!

[Azland]

I'm not really sure what the problem is here. By simple elimination one can conclude the correct option is C. All types of demand did not follow the same trend..as you can see some decreased first and then increased while some continuously increased. Industrial use did not have the greatest fall in demand as it fell from 340.6 to 338.5 which is about 2.1 fall...You would notice that Photography fell by much more. As for option D..just add the different demands in 1999 and 2011 and compare it..you would find that demand has fallen rather than increased.

By elimination this leaves Option C...which is also the only answer which can be said for sure to be correct as demand has increased continuously throughout the time period. Hope that explains things for you!

[~cornelia~]

I'm not really sure what the problem is here. By simple elimination one can conclude the correct option is C. All types of demand did not follow the same trend..as you can see some decreased first and then increased while some continuously increased. Industrial use did not have the greatest fall in demand as it fell from 340.6 to 338.5 which is about 2.1 fall...You would notice that Photography fell by much more. As for option D..just add the different demands in 1999 and 2011 and compare it..you would find that demand has fallen rather than increased.

By elimination this leaves Option C...which is also the only answer which can be said for sure to be correct as demand has increased continuously throughout the time period. Hope that explains things for you!

thank youuuuu!

lol...i seemed to have miss read the numbers! :S