SIM UOL August 2012 Intake

[fruityflash]

Yarlor still got the hikscian and slakstian things

Okay la. If you studying micro econs in poly should be easier to catch up. Because all the term see before

 

[fruityflash]

Anyone done qns 3 on rationality?? I have drawn out the graph but then i not sure whether is the consumer rational?? From the graph, i can see that point A is at a point where the consumer is behaving rationally because it is at utility maximization and at the initial budget line. However, at point B, it is at the new budget line but then the point is also below the initial budget line. Thus, i can't determine whether the consumer behaviour is rational. Need help.

Oh... so fast do your homework? Haha. I go do Then tell you.

 

[chiwawa23]

Okay la. If you studying micro econs in poly should be easier to catch up. Because all the term see before

Me got totally zero knowledge of econs and no econs background at all......

 

[chiwawa23]

Oh... so fast do your homework? Haha. I go do Then tell you.

Yea. Need quickly do and understand ah.

 

[adv_illusioned]

are we supposed to explain the diagram that we have drawn thoroughly or just a few key sentence will do le?

my lecturer teach the diagram with some explanation written down budden when she send the pdf for her questions, it seems damn long compared to what i have copied in class.

 

[chiwawa23]

are we supposed to explain the diagram that we have drawn thoroughly or just a few key sentence will do le?

my lecturer teach the diagram with some explanation written down budden when she send the pdf for her questions, it seems damn long compared to what i have copied in class.

Yea, u will need to explain it thoroughly ah. I think that would be the model answer that the examiner wanted to see so that u will be able to obtain the marks.

 

[adv_illusioned]

Yea, u will need to explain it thoroughly ah. I think that would be the model answer that the examiner wanted to see so that u will be able to obtain the marks.

thanks alot. gotta start to simulate the time for a question. test next week lol.

 

[trueeyesonme]

Hahas..yea..waited for so long..

Hope from here onward we can get the study guide asap~

 

[chiwawa23]

thanks alot. gotta start to simulate the time for a question. test next week lol.

Wah!!! So fast test le. Ours never say got test leh!!

 

[fruityflash]

Anyone done qns 3 on rationality?? I have drawn out the graph but then i not sure whether is the consumer rational?? From the graph, i can see that point A is at a point where the consumer is behaving rationally because it is at utility maximization and at the initial budget line. However, at point B, it is at the new budget line but then the point is also below the initial budget line. Thus, i can't determine whether the consumer behaviour is rational. Need help.

Lol... your graph wrong le. My point b is higher than point a. And answer is rational. Because b is not affordable Today but affordable tml. Where else a is affortable both Today and tml. Hence individual prefer b instead of a. As he could not buy b Today but tml when b is affordable he buy b. Thus he is rational.

 

[fruityflash]

Lol... your graph wrong le. My point b is higher than point a. And answer is rational. Because b is not affordable Today but affordable tml. Where else a is affortable both Today and tml. Hence individual prefer b instead of a. As he could not buy b Today but tml when b is affordable he buy b. Thus he is rational.

My bad. Lol. Answer is irrational.

 

[fruityflash]

My bad. Lol. Answer is irrational.

My 1st answer wrong one. Paiseh see wrong price.

 

[fruityflash]

Anyone done qns 3 on rationality?? I have drawn out the graph but then i not sure whether is the consumer rational?? From the graph, i can see that point A is at a point where the consumer is behaving rationally because it is at utility maximization and at the initial budget line. However, at point B, it is at the new budget line but then the point is also below the initial budget line. Thus, i can't determine whether the consumer behaviour is rational. Need help.

Registration of what I posted earlier which was wrong. Your diagram you draw correct. Did you count If a and b are affordable on both days? Go count them. You will find that a is the intersacting point for both budget line. And from there you will know the individual is irrational.

 

[fruityflash]

Registration of what I posted earlier which was wrong. Your diagram you draw correct. Did you count If a and b are affordable on both days? Go count them. You will find that a is the intersacting point for both budget line. And from there you will know the individual is irrational.

Because consumer prefer a over b. However tml he choose b, when a is also affordable. Hence. He is irrational

 

[OhmChii]

Hey guys wanna ask if there's any econs and math class tomorrow at 8.30am and 3.30pm? If there is, may I know the lecturer's name and venue? Thanks!

 

[ahnic89]

Hey guys wanna ask if there's any econs and math class tomorrow at 8.30am and 3.30pm? If there is, may I know the lecturer's name and venue? Thanks!

hmm..there's maths1 lesson tml..by thng kok wai..from 12pm-3pm...

 

[OhmChii]

Thanks! But it clashes with my poa by jabbar at 12pm also so can't attend =( any other on thurs? Oh ya does jabbar teach poa on Friday?

 

[czykent91]

Hey guys wanna ask if there's any econs and math class tomorrow at 8.30am and 3.30pm? If there is, may I know the lecturer's name and venue? Thanks!

Math 1 0830-1130 Jolitjang
Econ 1200-1500 Zhang

 

[OhmChii]

Math 1 0830-1130 Jolitjang
Econ 1200-1500 Zhang

Wow thanks! Guess I'll attend math tml morn! Its at LT 4.23 right? How about poa. Anyone taking poa by jabbar on thurs or fri?

 

[chiwawa23]

Registration of what I posted earlier which was wrong. Your diagram you draw correct. Did you count If a and b are affordable on both days? Go count them. You will find that a is the intersacting point for both budget line. And from there you will know the individual is irrational.

The counting part I am a bit blur leh. Is it counting by using point a with tomorrow price and point b using today price? And how u know that a is the intersecting point for both budget lines? Anyway, thanks for your help ah.