Hu Needs Eco Help? (1 Viewer)

[nick1048]

This thread is dedicated to those who seriously require some help with their economics. This is prelim eco btw that's all I can help with.



HELL YEA!

 

[santaslayer]

What is the law of diminishing marginal returns?

 

[Sarah168]

*silence*

and nick, do u mean that this THREAD is dedicated to prelim questions?

 

[AGB]

Originally posted by Sarah168
*silence*

and nick, do u mean that this THREAD is dedicated to prelim questions?

fixed

 

[AGB]

Originally posted by santaslayer
What is the law of diminishing marginal returns?

basically, if you add an increasing quantity of a variable factor to a fixed factor, productivity will eventually decrease.. the point at where productivity stops increasing is called the point of technical efficiency (i think?? cant remember back that far..)

 

[virgin^sexy]

Originally posted by AGB
basically, if you add an increasing quantity of a variable factor to a fixed factor, productivity will eventually decrease.. the point at where productivity stops increasing is called the point of technical efficiency (i think?? cant remember back that far..)

neither can i, and i only learnt that about a month ago

 

[Miss_E]

Hi can anyone tell me what:
total product, average product and marginal product are?

 

[olay]

Originally posted by AGB
basically, if you add an increasing quantity of a variable factor to a fixed factor, productivity will eventually decrease.. the point at where productivity stops increasing is called the point of technical efficiency (i think?? cant remember back that far..)

its technical optimum isn't it?

Originally posted by Miss_E
Hi can anyone tell me what:
total product, average product and marginal product are?

total product = everything produced
average product = total production divided by the no. of the variable.
marginal product = difference in quantity produced between a given period of time.

 

[overwhelming]

okay i'll give u all a question:

Define Inflation.

how eazy is dat?

 

[AGB]

Originally posted by olay
its technical optimum isn't it?

yeah thats right... sorry

 

[Sarah168]

you looked at the textbook!!!

in what cases would the government sell securities through the DMO?

 

[santaslayer]

Define real wages and explain how they are determined

 

[stressed monkie]

i think this thread is a sinister way in forcing us to do others h/w under the thought that we are helping *am very very suspicious*

 

[nick1048]

this isn't meant to be an answerz thread. Just a place where you go when u just can't get the answer. Or can't comprehend the textbook. It's important to understand some core concepts that the teacher doesn't have time to go over and over. There are other subjects to cater for, this is just a quick easy "2004" way of explaining further some difficult questions. Hopefully it isn't abused stressed... That was not my motive.

 

[kochou]

but hey it's pretty good revision

 

[futfut]

just a quick question on eco essay writing
for example i have an essay question like "Describe Free Enterprise System"

should i add in intro wat is eco system, wat problems they have???
even tho its not really wat they asked for, but shows my knowledge on wats an eco system, and is kinda related to question

 

[Kuya]

perhaps you can post some eco notes here. that would help.. heheh