Qualification > Commerce
ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
aquarian93:
omg i hav the same question!
and i think ders smthng rong wid da mark scheme of may 04 in this website? its weird :S
nid404:
--- Quote from: hdbkiwi on June 10, 2009, 04:12:43 pm ---Question M/J/04 # 20
Why are firms making similar products often located near each other?
A Competition may be reduced.
B External economies may be possible.
C Land may be cheaper.
D Overheads may be increased.
The answer is B. What is 'external economy' and what are 'overheads'?
Thanks :)
--- End quote ---
external economies r benefits like low transport costs, skilled labour,etc...which u get when a particular industry is localized. Overheads are the running costs
hdbkiwi:
--- Quote from: nid404 on June 10, 2009, 04:42:28 pm ---
--- Quote from: hdbkiwi on June 10, 2009, 04:12:43 pm ---Question M/J/04 # 20
Why are firms making similar products often located near each other?
A Competition may be reduced.
B External economies may be possible.
C Land may be cheaper.
D Overheads may be increased.
The answer is B. What is 'external economy' and what are 'overheads'?
Thanks :)
--- End quote ---
external economies r benefits like low transport costs, skilled labour,etc...which u get when a particular industry is localized. Overheads are the running costs
--- End quote ---
thanks nid +rep mate :)
Name:
--- Quote from: aquarian93 on June 10, 2009, 04:39:16 pm ---omg i hav the same question!
and i think ders smthng rong wid da mark scheme of may 04 in this website? its weird :S
--- End quote ---
it IS weird i was just doing this paper. some answers were like WAT?? especially the one about the substitute and the limited seats one
hdbkiwi:
--- Quote from: Name on June 10, 2009, 04:54:45 pm ---
--- Quote from: aquarian93 on June 10, 2009, 04:39:16 pm ---omg i hav the same question!
and i think ders smthng rong wid da mark scheme of may 04 in this website? its weird :S
--- End quote ---
it IS weird i was just doing this paper. some answers were like WAT?? especially the one about the substitute and the limited seats one
--- End quote ---
the supply is fixed so its vertical-demand is relatively inelastic-lol I got it wrong because i put supply infinite because I did it too fast^^
I have another question-whats a 'basis of taxation' or a 'tax base'? and what are commission payments?
and what is 'current income balance' and 'current transfer balance' well maybe what's the difference might be better-I know its related to BOP but...yeah help would be appreciated thanks :)
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