ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!

[aquarian93]

Internal economies of scale is when average costs of the firm falls as the firm grows in size (optimum size). eg Puchasing economies, financial economies etc
External economies of scale is a situation in which growth in an industry causes average total cost for the individual firm to fall as a result of some factor external to the firm. It corresponds to a downward-sloping long-run industry supply curve.
If employment falls, govt revenue falls as they receive less from taxation and their expenditure rises as they have to pay unemployment benefits.
Diversification is when the firm sells other products apart from its main selling product. eg if a company was set up to sell bottled water, they also sell juices, milk etc

Hope that helped! All the best! =)

thank you soo much!!
+rep for u

[Sweet_03]

is this paper only 30 questions?

Yea CIE changed format.. nw its 30 questions and 45 mins

Really :| ?
This is Weird ! Does this mean that the Qs will be more harder

[ni]

is this paper only 30 questions?

Yea CIE changed format.. nw its 30 questions and 45 mins

Really :| ?
This is Weird ! Does this mean that the Qs will be more harder

That's a possibility. But I'm guessing it's because now the people who would originally do core are doing the same paper...

[Name]

is this paper only 30 questions?

Yea CIE changed format.. nw its 30 questions and 45 mins

Really :| ?
This is Weird ! Does this mean that the Qs will be more harder

That's a possibility. But I'm guessing it's because now the people who would originally do core are doing the same paper...

not necessarily, the structured questions werent really any easier than previous years!

less questions just means every mistake carries a large percentage with it!

[Depriviated]

nope there 40 qs as normal
who ever gave u this info about 30 qs is WRONG

[ni]

No it's right. There were only 30 questions.

[bball92]

says there are 30 qns in syllabus...so it must be right.

howd u find the exam ni? (was it hard or easy) dont go into any detail or any question til 24 hrs r up...just was it good or not =p

[pocket-protector]

I wont go into any detail, but I will say, I finished the exam in just 8 minutes flat.

[ni]

Haha I didn't finish the exam in eight minutes like pocket-protector but it wasn't too hard I don't think.
What about you? 

[hmh]

Yup no details jst yet.. but it was a good exam

[kunz358]

nope there 40 qs as normal
who ever gave u this info about 30 qs is WRONG

Dude..Its 30 Q for 45 mins..
MCQ's..

KuNzI

[kunz358]

Guys heres A question:

1) What determines why some people earn more than others? (15)

See the marks in the bracket...Can anyone ans now?

[hmh]

Guys heres A question:

1) What determines why some people earn more than others? (15)

See the marks in the bracket...Can anyone ans now?

some factors influence..

Qualification: Some ppl study for longer to become something better and thus get a better paid job.
Immobility: some ppl are willing to travel to other places to find a better paid job and some doesnt like to leave their family and friends so thus stay at currect job and get paid wat they are..
Social: this is working hours.. or type or job.. risky ? easy? hard? unsocial hours like midnight duties? tht makes a difference in wage.


3 factors : identify= 3 marks, explaination and examples=8 , relevance to case study = 3 marks.

hope tht helps

[kunz358]

Guys heres A question:

1) What determines why some people earn more than others? (15)

See the marks in the bracket...Can anyone ans now?

some factors influence..

Qualification: Some ppl study for longer to become something better and thus get a better paid job.
Immobility: some ppl are willing to travel to other places to find a better paid job and some doesnt like to leave their family and friends so thus stay at currect job and get paid wat they are..
Social: this is working hours.. or type or job.. risky ? easy? hard? unsocial hours like midnight duties? tht makes a difference in wage.


3 factors : identify= 3 marks, explaination and examples=8 , relevance to case study = 3 marks.

hope tht helps

The points which you gave were accurate and I have mentioned those..but firstly its not an case study..so no relevance..i think we have to mention 5 points at least..it even can be if the demand for workers in that field is more are the supply is less then the works are tend to ask for higher salaries and then employers will have to pay it to them..

[holtadit]

2008 oct.nov Question 1 (c) ii)

COuld you please draw the demand and supply curves for bothe products X and Y. Thanks.