Qualification > Commerce
peopleeeeeeeeeeeeeeeeee-eco paper 3
nid404:
yes u need to and its very similar to the impacts of growth.
Name:
--- Quote from: diva_doll on May 25, 2009, 06:33:13 pm ---ight..dat helped Thanks, life saver!
ohh n wht are fixed and variable costz??
--- End quote ---
Fixed costs: costs that do not change when output changes. so if you produce 0 units u pay and if you produce 50 units u still pay them. for example heat, light, renting land,...
Variable costs: costs which DO change when output changes. so if you produce 0 units, you dont pay them. but if you produce anything, you pay.for example raw materials, wages of workers, .....
Graph showing an example of fixed and variable costs:
http://www.businessteacher.org.uk/wp-content/break-even-analysis.jpg
--- Quote from: ni on May 26, 2009, 08:15:33 am ---Thank you for posting up the powerpoints! :)
Question- are we supposed to know about the impacts of globalisation?
(:
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um its not on the syllabus and we never took it in class, but i guess you just have to know briefly what it is. in economics, you cant limit how much you should know, because the more you know the easier the exam will be!
your choice :)
nid404:
globalisation is not a new term. It is similar to growth so u could expect questions in the case study paper. It's simple logic anyways
ni:
Okay thank you, got it. Yeah I've answered questions on globalisation in past papers in class, but I was just wondering if we were meant to learn it up as a specific unit or something. But I guess not!
Thank you (:
aquarian93:
hey can i pleaseee hav a powerpoint on TRADE and MONEY AND BANKING, ill be rlly grateful! thank you! :)
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