Econ111 (2 Viewers)

[lexie85]

anyone ??

 

[Monstar]

^^im reading the textbook and summarising it...so far i've got up PPF.


Also might go get those overhead notes off my mate.

 

[Monstar]

oi whats the test on ?

 

[pLuvia]

Up to chapter 8 of the textbook

 

[lexie85]

so who's already done their test ??

 

[atreus]

ive got stephane too. he's funny, but he leaves half the questions until the last 10 minutes to answer and rushes through them.

was anyone there when he told off a girl for doing accounting homework?

 

[Kutay]

Hey guys,
how is everyone going with the assignment?

i was wondering if someone could help me with the last question!!

I can get the demand curve from the second equation, how do you get the TC curve fromt hat formula? do you do derivative of it and then equate to zero? or put the value of Q into it?

Thanks in advance Kutay

 

[pLuvia]

I just did this, they give you the TC curve, you find out TR by P x Q, so make P in terms of Q. Then you get MR by differentiating TR in terms of Q, and you get MC by differentiating TC in terms of Q. Then you equate them and solve for Q then you get P as well.

 

[sportfreak]

Hey guys, does any1 no how to do Q5c) for the assignment
thanx

 

[lexie85]

anyone else know that they are going to fail the assignment horribly ?

is it too late to catch up if im at week 1, lecture 1 ?

 

[bukwow]

i know i am, but no need to worry, at least the final exam is 75%, just hope i don't fail that one... T_T

 

[Monstar]

Hey guys, does any1 no how to do Q5c) for the assignment
thanx

5c and D are shitting me. Who wants to help a brother out?

 

[Kutay]

how did everyone go with question 2? lol only question's i have done really are the 1st and last? not sure bout in between haha

 

[mohamed100]

5c and D are shitting me. Who wants to help a brother out?

For 5 (c), make the distinction between the objectives of the author and that of the publisher (assume its a monopoly), i.e, sales maximisation vs profit maximisation.

Haven't looked at 5d.

 

[CharlieB]

q2 isn't too bad, just used hsc notes/micro textbook.
For 5d look at page 266 of the textbook.

Anyone know how to find Total Revenue (PxQ) for 6a?

 

[onebytwo]

q2 isn't too bad, just used hsc notes/micro textbook.
For 5d look at page 266 of the textbook.

Anyone know how to find Total Revenue (PxQ) for 6a?

rearrange Q=360-20P
to get, P=(360-Q)/20
then TR=((360-Q)/20)Q
then diff. and equate MC and MR to get (a)

 

[CharlieB]

Yeah i tried that. However, i didn't think you could just multiply P by Q to get TR. Seems like the only way though.

Thanks for the help!

 

[bukwow]

does anyone know wheres the theory part of Q3 on the textbook? or do i have to research it

 

[lexie85]

is it too late to catch up if im at week 1, lecture 1 ?

?

 

[pLuvia]

?

Depends how much you can cram in these last few weeks lol. I'm sure you can because the econ111 material isn't that hard