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Economics: Post your doubts here (O + A level)

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Can someone please explain the Ceteris paribus assumption ?
ceteris paribus means, all other factors remain constant, that means for example if you are talking about demand, and ceteris paribus then, only price can affect demand, and no other factor like trend, or quality, etc. they all are remain constant.
HOPE THIS HELPED.. :)
 
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um can u tell me about the marking of the cie examiner? my paper today went okay but i missed a few points so do we loose marks for not writing every single thing?
 
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What is the difference between internal and external economies of scale ?
A question in economics paper (2281) 2012....
Plz help...?!
 
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yea i can.. the question states that he can produce 1 unit of beef in place of 3 units of lamb, now 1 unit of beef is twice as much as 1 unit of lamb.. so first of all wheneva des type of question cum think of a price.. for instance 50 rs.. now 3 unit of lamb * 50= 150, and 1 unit of beef is twice dat means 50*2 = 100rs.. so he has more profit in producing 3 lambs than twice priced 1 beef..
HOPE THIS HELPED :)
 
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What is the difference between internal and external economies of scale ?
A question in economics paper (2281) 2012....
Plz help...?!
internal economies of scale are due to a firm growing
external economies of scale are due to an industry growing
 
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yea i can.. the question states that he can produce 1 unit of beef in place of 3 units of lamb, now 1 unit of beef is twice as much as 1 unit of lamb.. so first of all wheneva des type of question cum think of a price.. for instance 50 rs.. now 3 unit of lamb * 50= 150, and 1 unit of beef is twice dat means 50*2 = 100rs.. so he has more profit in producing 3 lambs than twice priced 1 beef..
HOPE THIS HELPED :)
Thank you! :)
 
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