Do ACCT1501 and ECON1101 get scaled down usually? (2 Viewers)

[Examine]

^

 

[HeyJes]

I dont think so. I think they actually scale up for micro, prob keep acct the same.

 

[Examine]

I dont think so. I think they actually scale up for micro, prob keep acct the same.

oh wow, didn't expect that ahahahaha

 

[obliviousninja]

I dont think so. I think they actually scale up for micro, prob keep acct the same.

Micro is already a wam booster as it is.

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[Examine]

Micro is already a wam booster as it is.

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Not really, they marked quite harshly for the tute exams and the averages were pretty low.

 

[obliviousninja]

Not really, they marked quite harshly for the tute exams and the averages were pretty low.

I just need 44/50 for HD. Creyyyy

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[Examine]

I just need 44/50 for HD. Creyyyy

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you make it sound like getting 88% in finals is easy

 

[obliviousninja]

Easy HD boys.

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[lolwot]

I pray for a DN
oh and what was the answer for the one where two neighbours share driveway lol?

 

[Omnipotence]

Nope it doesn't get scaled down. Most kids rote learn journal entries/relied on perdisco and get raped in finals.

 

[obliviousninja]

I pray for a DN
oh and what was the answer for the one where two neighbours share driveway lol?

1400

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[fusionillusion]

Why is it 1400? Since the contractor will want to maximise profit, wouldn't he ask for $1500, which is the highest reservation price out of the two neighbours? Unless I misread the question...

 

[obliviousninja]

Why is it 1400? Since the contractor will want to maximise profit, wouldn't he ask for $1500, which is the highest reservation price out of the two neighbours? Unless I misread the question...

Incentive principle. The buyer has no desire to build the driveway if the benefit does not exceed the cost.

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[Examine]

Nope it doesn't get scaled down. Most kids rote learn journal entries/relied on perdisco and get raped in finals.

Now I know what you mean by this hahah. (Quite a few of my friends found it hard)

 

[obliviousninja]

GG bois. Rektd by accounting. Only expectin low 70s.

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[Praer]

Now I know what you mean by this hahah. (Quite a few of my friends found it hard)

what the answer to that question.
where they give you the information that 2 company's marginal cost are equal. and ask you what the profit maximizing point is.
answers are between make price elasticity the same or make the marginal revneue equal.

GG bois. Rektd by accounting. Only expectin low 70s.

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that was easy.. like really easy..

 

[Praer]

and microecon was pretty hard... only expecting like 80% :L i dont know how people say that microecon is the easiest first year subject :L

 

[obliviousninja]

what the answer to that question.
where they give you the information that 2 company's marginal cost are equal. and ask you what the profit maximizing point is.
answers are between make price elasticity the same or make the marginal revneue equal.



that was easy.. like really easy..

I originally had price elasticity, then I changed to make marginal revenues equal

 

[Examine]

Easy HD boys.

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Famous last words

what the answer to that question.
where they give you the information that 2 company's marginal cost are equal. and ask you what the profit maximizing point is.
answers are between make price elasticity the same or make the marginal revneue

I don't recall most micro questions hahah.

 

[fusionillusion]

Incentive principle. The buyer has no desire to build the driveway if the benefit does not exceed the cost.

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"Incentive principle"?? In pertinence to the cost-benefit principle, an individual will take an action if the benefit of that action is at least as great as the cost. As such, the neighbour will agree to the construction of the driveway as long as the cost of it does not exceed her reservation price. If you look at the demand curve of a good, a consumer will agree to buy the good as long as the cost of the good does not exceed his or her's reservation price. If the cost equals the reservation price, the consumer will still agree to buy the good, and the economic profit consequent of the transaction yields the producer's surplus. That is why the demand curve is essentially the marginal benefit curve.