SIM UOL August 2012 Intake

[applebob101]

hey who having IBM tomorrow at 12? what chapter of the notes do we have to bring for the lesson?

should be 1.2

 

[applebob101]

hi! is there any way that i can view the study guide for elc? can't seem to find it on the vle!

whats elc?

 

[applebob101]

hey who having IBM tomorrow at 12? what chapter of the notes do we have to bring for the lesson?

oh and rmb to bring thumbdrive

 

[EXSXOXX]

oh and rmb to bring thumbdrive

Ok thanks.

 

[chiwawa23]

i am still a bit blur on the opportunity cost. sometimes i am not sure which one divide by which one.

Oh, the opportunity cost has a formula:

What u have given up / what u got in return

Eg. If u produce like 40 units of x according to the graph, then u will get 80 units of y. However, your total number of y produced should be 100. But now as u need produce 40 units of x, u need to give up 20 units of y. As total 100 units of y - 80 units of y = 20 units of y. So u 20/40 = 1/2 a unit of y per unit of x. And its because that point falls on that constraint, so u have to use total for that constraint to divide instead of the other.

 

[Dropkickme]

Did you submit the offline payment form together also?

Yup I did.

 

[chiwawa23]

For the hw qns 3c, is the answer 2/3 unit of y per unit of x for the OC?? Cos i calculated is 2/3. As the economy produces 190 units of x, then it will produce 75 units of y. Therefore, this point lies on the labor constraint. And as the maximum for x is 240, therefore i take 240-190 = 50 units of x. Then OC is defined as:

What u have given up / what u get in return, so i sub

50/75 = 2/3

So is it correct?? Can anyone please clear my doubts? Thanks a lot.

 

[fruityflash]

For the hw qns 3c, is the answer 2/3 unit of y per unit of x for the OC?? Cos i calculated is 2/3. As the economy produces 190 units of x, then it will produce 75 units of y. Therefore, this point lies on the labor constraint. And as the maximum for x is 240, therefore i take 240-190 = 50 units of x. Then OC is defined as:

What u have given up / what u get in return, so i sub

50/75 = 2/3

So is it correct?? Can anyone please clear my doubts? Thanks a lot.

Actually, every 1unit of x you produce you give up 2/3 unit of y. Hence If you produce 190unit of x, how much y will you give up.

 

[fruityflash]

Actually, every 1unit of x you produce you give up 2/3 unit of y. Hence If you produce 190unit of x, how much y will you give up.

So Ya, answer is 2/3

 

[Marbok_Tan]

Oh, the opportunity cost has a formula:

What u have given up / what u got in return

Eg. If u produce like 40 units of x according to the graph, then u will get 80 units of y. However, your total number of y produced should be 100. But now as u need produce 40 units of x, u need to give up 20 units of y. As total 100 units of y - 80 units of y = 20 units of y. So u 20/40 = 1/2 a unit of y per unit of x. And its because that point falls on that constraint, so u have to use total for that constraint to divide instead of the other.

Thanks for clarifying my doubts.

 

[Marbok_Tan]

For the hw qns 3c, is the answer 2/3 unit of y per unit of x for the OC?? Cos i calculated is 2/3. As the economy produces 190 units of x, then it will produce 75 units of y. Therefore, this point lies on the labor constraint. And as the maximum for x is 240, therefore i take 240-190 = 50 units of x. Then OC is defined as:

What u have given up / what u get in return, so i sub

50/75 = 2/3

So is it correct?? Can anyone please clear my doubts? Thanks a lot.

I get 2/3 too. I get it now after your explanation.

 

[fruityflash]

Awesome, my bank say cannot send the draft for me. Need to post myself.

 

[fruityflash]

Yup I did.

Can I ask did you fill up your name and student number at the back?

 

[ahnic89]

For those who yet to receive emails from uol like me..here's the reply from sim that I received today..
"
I am sorry for the delay.

However, we had already sent the student list over to UOL. Currently they are processing and due to high volume of enquiries and documents, please kindly wait for them to get back to you.
"

 

[chiwawa23]

Awesome, my bank say cannot send the draft for me. Need to post myself.

Told u le that need to post yourself ah. Quickly post so that u can get your study materials soon.

 

[chiwawa23]

Today damn funny for Dr Zhang econs lec. He was saying secrets. And i think a lot of people heard as cigarettes.

 

[fruityflash]

Told u le that need to post yourself ah. Quickly post so that u can get your study materials soon.

I know, but I stuck with one thing, the form ask me write my full name and student number at the back but my bank tell me at the back cannot write anything.

 

[chiwawa23]

I know, but I stuck with one thing, the form ask me write my full name and student number at the back but my bank tell me at the back cannot write anything.

Hmmm, this is really tricky. So sorry ah, can't help u as i paid online by debit card ah. Maybe u wanna ask the sch and bank?? Ask them to confirm.

 

[ahnic89]

I know, but I stuck with one thing, the form ask me write my full name and student number at the back but my bank tell me at the back cannot write anything.

Hmm..y not u ask your friends whether can help u pay online first..then u bank transfer the money to your friend..like that..u also can get the subject guides earlier bah..

 

[Deadpool.]

Today damn funny for Dr Zhang econs lec. He was saying secrets. And i think a lot of people heard as cigarettes.

Haha, 90% passing rate thanks to cigarettes.