IGCSE/GCSE/O & A Level/IB/University Student Forum
Qualification => Subject Doubts => GCE AS & A2 Level => Commerce => Topic started by: missbeautiful789 on November 04, 2010, 03:14:24 pm
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Hey guyz...
PLease would some one help me on a mc paper
2002 may/june
-Q1..the answer is A but why not B
-Q4 the answer is A but why not D
-Q5 answer is C why not the rest :)
-Q7 answer is D, which i got correct, but why not B
-Q13-16
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Hey guyz...
PLease would some one help me on a mc paper
2002 may/june
-Q1..the answer is A but why not B
-Q4 the answer is A but why not D
-Q5 answer is C why not the rest :)
-Q7 answer is D, which i got correct, but why not B
-Q13-16
1 is A because the PPF will shift inward if the labor force shrinks, the supply of raw materials is depleted, or a natural disaster strikes.
Shrinking of labour could also mean more machinery is being employed by Firms which will boost production.
4- Balancing social costs and benefits is the main objective in a Planned economy.Government will try to finish the negative externalities and bring in more positive externalities.
5-It must be limited in Supply because if there is no shortage, there will be no value of money and therefore people would stop trusting money as a source of payment.
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16-The triangular area x in the diagram
measures the deadweight loss to society from producing output OQ. The social cost is the area below the
MSC curve.
taken from examiner report
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16-The triangular area x in the diagram
measures the deadweight loss to society from producing output OQ. The social cost is the area below the
MSC curve.
taken from examiner report
Thanx +rep..:)
Please help with Q10 and 11.. dont get the examiners report
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yes wait
i am trying to form a logical explaination
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In question 10
It says the equilibrium price is 2000 (from 4 units)
You can see the firm Z is 2 units short of equilibrium price so it would be the buyer and firm X has two surplus units so it would want to sell to reach the equilibrium point therefore the answer is D
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i think 11 should be A
but its giving C :/
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"It also depends directly on the level of output of Firm Y."
Firm X does not participate in the output generation of firm Y, but it is still dependent on it. Firm X is bearing the consequences of firm Y's production activities => it is an externality for firm X.
A cannot be the answer, cause you are told the output depends, not the demand.
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are mcq tougth for AS LEVEL
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are mcq tougth for AS LEVEL
Not if you are well prepared.
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Could someone please help me with 2006 november Q27....
thank you