SIM UOL August 2012 Intake

[adinth]

hallo, any fellow students going to the src camp later? pm moi~

 

[chiwawa23]

hallo, any fellow students going to the src camp later? pm moi~

Me didn't join ah. U got join src ah?

 

[chiwawa23]

anibody here did zhangjianlin's econs homework?

the 2nd qn, the one on 1/4unit labor and 1/2 unit capital one, how to do arh

2nd qns done le, not that difficult ah. 3rd qns a bit of problem though for 3(b). How to find cos there is additional of maximum 200 units x, then become got 3 constraints instead of the usual 2.

 

[ahnic89]

did you get a reply from sim yet? I emailed sim about study workshop yesterday and I got a reply within 12 hrs

No reply yet..gt ppl call my phone but my phone have some problem..so nt sure is it them or nt..

 

[czykent91]

3rd qn easy leh, zhang got go through qn 3 during the lecture that time

how did u do 2nd

L: 1/4X + 1/2Y (smaller&eql) 100
K: 1/2X + 1/4Y (smaller&eql) 100

use the eqn n plot the graph

 

[czykent91]

L: 1/4X + 1/2Y (smaller&eql) 100
K: 1/2X + 1/4Y (smaller&eql) 100

use the eqn n plot the graph

Then you'll find that the AT POINT of producing ONLY 180 units of Y, there is inefficiency as evident as the point falls below the new PPF.

 

[ff8squall]

L: 1/4X + 1/2Y (smaller&eql) 100
K: 1/2X + 1/4Y (smaller&eql) 100

use the eqn n plot the graph

but I thought the question said 1/4 unit of labour and 1/2 unit capital and not the output x and y? your labour equation states 1 unit of labour produces 4 units of x or 2 units of y? confused

 

[INVS 2.0]

forgot to scan my student card for attendance now waiting to appeal...

 

[INVS 2.0]

anibody here did zhangjianlin's econs homework?

the 2nd qn, the one on 1/4unit labor and 1/2 unit capital one, how to do arh

wah, so fast doing his homework? I still have PBF and maths homework to do. Getting more loaded as weeks go by.

 

[ff8squall]

forgot to scan my student card for attendance now waiting to appeal...

I scanned my card 1hr 30 mins after lesson started but the scanner didn't register my attendance. Then I got 3 mails warning me not to miss class.

 

[czykent91]

but I thought the question said 1/4 unit of labour and 1/2 unit capital and not the output x and y? your labour equation states 1 unit of labour produces 4 units of x or 2 units of y? confused

You must read the line after it. Thus you can conclude that :

1 Labour gives you 4 of X & 2 of Y
1 Capital gives you 2 of X & 4 of Y

 

[czykent91]

they say that max is 1hr after class start, why u only scan 1.5hrs after start???

Actually max is 0.5hrs after class starts

 

[czykent91]

huh, i tot ish 30mins before and 1hr after lol

?? Oh, i always try to be a little earlier haha, so yea haha

 

[ff8squall]

You must read the line after it. Thus you can conclude that :

1 Labour gives you 4 of X & 2 of Y
1 Capital gives you 2 of X & 4 of Y

Ok got it thx

 

[czykent91]

Ok got it thx

sure thing bro

 

[chiwawa23]

For qns 3b, is it there is no opportunity cost? Because produce 40 units of y means that the point will lie on the ppf which is at maximum 200 units of x. Then there are 3 constraints. And as the lying point is a straight line which is storage of 200 units of x and 40 units of y are produced, and there is no equation at all.

 

[czykent91]

For qns 3b, is it there is no opportunity cost? Because produce 40 units of y means that the point will lie on the ppf which is at maximum 200 units of x. Then there are 3 constraints. And as the lying point is a straight line which is storage of 200 units of x and 40 units of y are produced, and there is no equation at all.

ya, no OC. Btw, the constraint of 200X storage is not part of the new PPF.
As the point falls on the line of the storage constraint. The OC of X to produce one more X is Infinite units of Y (since nomatter how much Y you are willing to sacrifice for X, the max of X's production is still 200 due to storage constraint). Thus the OC of X to produce 40 units of Y is Zero Y.

 

[chiwawa23]

ya, no OC. Btw, the constraint of 200X storage is not part of the new PPF.
As the point falls on the line of the storage constraint. The OC of X to produce one more X is Infinite units of Y (since nomatter how much Y you are willing to sacrifice for X, the max of X's production is still 200 due to storage constraint). Thus the OC of X to produce 40 units of Y is Zero Y.

Oh ok, thanks for clearing up my doubts.

 

[fruityflash]

Hi Can someone Help me out? Who send the uol payment by bank draft? Can I know how you send over to uol?

 

[czykent91]

send by credit/master faster