It's getting more interesting,keep it up pals! #watchingfromthesidelinethings#

Adex097: the first questn ain't #4.0m.
REASON-
MPS=0.4
changes in consumption expenditure=#10.0m
changes in income= ?

*let "/\" rep "change in"*let Y rep income and C consumption*

1/mps = /\Y / /\C
1/0.4 = /\Y / 10
*CROSS MULTIPLY*
0.4/\Y = 10
/\Y = 10/0.4
/\Y = 25.0 m.

. Well done

collozzuz: It's getting more interesting,keep it up pals! #watchingfromthesidelinethings#

enter the pitch nah #rubbing-minds-together#

Ajengb: . Well done

yes boss!!!

Fully back. Airtel Netwrk took me away.... Nice Job guys... Kip it up...

Adex097: enter the pitch nah #rubbing-minds-together#

Aiit bruv

The thread is getting dull. ALL IS WELL

LETS KEEP THE THREAD HOT GUYS!!!
Questions of the day-
1) how many national development plans did nigeria have between 1960 and 1984?
a)one
b)two
c)three
d)four

2). Under the ECOWAS agreement, a Nigerian can enter and stay in Ghana without a visa for a period of
a)30days
b)60days
c)90days
d)100days

Adex097: LETS KEEP THE THREAD HOT GUYS!!!
Questions of the day-
1) how many national development plans did nigeria have between 1960 and 1984?
a)one
b)two
c)three
d)four

2). Under the ECOWAS agreement, a Nigerian can enter and stay in Ghana without a visa for a period of
a)30days
b)60days
c)90days
d)100days

1* c 2*A

visit www.examsguru.net for all past questions

@ Adex, I have d "Fundamental of Economics" textbook now. A friend of mine in school lent me the textbook. It seems like d boy bought and dumped the textbook cos it smells new but he claims dat he has been using it since Jan. Thank God that d school is presently on lockdown cos i now have tym 2 read. Yipee!!!!!!!!

Adex097: LETS KEEP THE THREAD HOT GUYS!!!
Questions of the day-
1) how many national development plans did nigeria have between 1960 and 1984?
a)one
b)two
c)three
d)four

2). Under the ECOWAS agreement, a Nigerian can enter and stay in Ghana without a visa for a period of
a)30days
b)60days
c)90days
d)100days

1 D
2 C

Y on lock down?

Emmy35: @ Adex, I have d "Fundamental of Economics" textbook now. A friend of mine in school lent me the textbook. It seems like d boy bought and dumped the textbook cos it smells new but he claims dat he has been using it since Jan. Thank God that d school is presently on lockdown cos i now have tym 2 read. Yipee!!!!!!!!

again??

fynestbarrister: Y on lock down? again??

School fees wahala oh. There's a new policy in school which states dat students who didn't pay for last session fees will repeat i.e a 400l student who didn't pay will go back 2 300l. This policy will affect over 5,000 students and some can lose their studentship. The Sug and oda students r saying No 2 dis policy and have put d skul on lockdown till further notice.

Yepa!! Wit dat deir exorbitant fees

Emmy35: School fees wahala oh. There's a new policy in school which states dat students who didn't pay for last session fees will repeat i.e a 400l student who didn't pay will go back 2 300l. This policy will affect over 5,000 students and some can lose their studentship. The Sug and oda students r saying No 2 dis policy and have put d skul on lockdown till further notice.

make God help Nig. State uni..

fynestbarrister: Yepa!! Wit dat deir exorbitant fees make God help Nig. State uni..

Amen!!!!! Meanwhile, I'm using dis free tym 2 read 4 Jamb. I pray the skul will be locked down for lyk 3wks. By the way, i'm looking 4 English textbook 2 buy sha. I'm thinking of A-Z of Jamb's use of English or Invisible teacher but both are scarce in Ijebu-Ode oh

Haba!!! Lol 3wiks.. Am sure mai padi dat we gain admsn to dat skul 2geda last yr wuld regret a bit!!!

Emmy35: Amen!!!!! Meanwhile, I'm using dis free tym 2 read 4 Jamb. I pray the skul will be locked down for lyk 3wks. By the way, i'm looking 4 English textbook 2 buy sha. I'm thinking of A-Z of Jamb's use of English or Invisible teacher but both are scarce in Ijebu-Ode oh

u wuld get it try nd find any of d two.

fynestbarrister: Haba!!! Lol 3wiks.. Am sure mai padi dat we gain admsn to dat skul 2geda last yr wuld regret a bit!!! u wuld get it try nd find any of d two.

Lol. I'll get it wen i go 2 Lag

ok

Emmy35: Lol. I'll get it wen i go 2 Lag

wish you all the best.. meet me 4 ui dis year by GOD's grace

fynestbarrister: ok wish you all the best.. meet me 4 ui dis year by GOD's grace

Amen oh!!!! I'll see u @ UI or i'll be a bonafied Akokite dis year only by his grace.

Emmy35: Amen oh!!!! I'll see u @ UI or i'll be a bonafied Akokite dis year only by his grace.

ok naaa

papindinho: 1* c 2*A

u wrong man. (1) is four while (2) is 90days

Emmy35: @ Adex, I have d "Fundamental of Economics" textbook now. A friend of mine in school lent me the textbook. It seems like d boy bought and dumped the textbook cos it smells new but he claims dat he has been using it since Jan. Thank God that d school is presently on lockdown cos i now have tym 2 read. Yipee!!!!!!!!

wow I'm happy for you....hope u've started downloading those stuffs cos there's no time to waste time again. And about that school of yours, i fink its better they close it permanently #winks#

Emmy35: 1 D
2 C

you correct ma"am.
2/2

LATE NIGHT SNACKS!!!
1)Given that Y=C + i, where C = 50 + 0.75 and
I = #45m, what is the equilibrium level of income?
a) #380m
b) #20m
c) #180m
d) #200m

2)If the marginal utility of the last unit of commodity X at #2 is 16 and that of commodity Y at #4 is 24, the consumer will be at equilibrium when
a)the price-quantity ratios are equal
b)equal amounts of X and Y are consumed
c)less of Y and more of X are consumed
d)less of X and more of Y are consumed

3)When the marginal utility of a commodity is
Zero the total utility is
a) at its minimum
b) upward sloping
c) downward sloping
d) at its maximum

4) If the government invests the sum of #1,000,000.00 and the marginal propensity to consume is 0.75, what is the change in income?
a)#1,000,000.00
b)#4,000,000.00
c)#6,000,000.00
d)#14,000,000.00

Adex097: wow I'm happy for you....hope u've started downloading those stuffs cos there's no time to waste time again. And about that school of yours, i fink its better they close it permanently #winks#

Lol, permanently ke? No oh!!!! 3 weeks is ok by me, anything more dan dat i'll go and learn a trade. I'll start reading d Econs text 2day

Learn trade keh!!

Emmy35: Lol, permanently ke? No oh!!!! 3 weeks is ok by me, anything more dan dat i'll go and learn a trade. I'll start reading d Econs text 2day

lol

Adex097: LATE NIGHT SNACKS!!!
1)Given that Y=C + i, where C = 50 + 0.75 and
I = #45m, what is the equilibrium level of income?
a) #380m
b) #20m
c) #180m
d) #200m

2)If the marginal utility of the last unit of commodity X at #2 is 16 and that of commodity Y at #4 is 24, the consumer will be at equilibrium when
a)the price-quantity ratios are equal
b)equal amounts of X and Y are consumed
c)less of Y and more of X are consumed
d)less of X and more of Y are consumed

3)When the marginal utility of a commodity is
Zero the total utility is
a) at its minimum
b) upward sloping
c) downward sloping
d) at its maximum

4) If the government invests the sum of #1,000,000.00 and the marginal propensity to consume is 0.75, what is the change in income?
a)#1,000,000.00
b)#4,000,000.00
c)#6,000,000.00
d)#14,000,000.00

Anything tin dat requires calculation, i don't know it oh. I've been trying 2 learn Mpc, Mps, National income and the likes but d tin no gree enter jor and i'm tayad.
3 D

Emmy35: Lol, permanently ke? No oh!!!! 3 weeks is ok by me, anything more dan dat i'll go and learn a trade. I'll start reading d Econs text 2day

lol...learning trade is not an option for now o abeg. Wish u all the best in your reading adventure.

Emmy35: Anything tin dat requires calculation, i don't know it oh. I've been trying 2 learn Mpc, Mps, National income and the likes but d tin no gree enter jor and i'm tayad.
3 D

you dont have to be tired. Just try, try and try..the funniest part is that calculation aspect of economics(basic) happens to be very easy...im sure that text book u've got wud help you alot cos its self explanatory.

Adex097: LATE NIGHT SNACKS!!!
1)Given that Y=C + i, where C = 50 + 0.75 and
I = #45m, what is the equilibrium level of income?
a) #380m
b) #20m
c) #180m
d) #200m

2)If the marginal utility of the last unit of commodity X at #2 is 16 and that of commodity Y at #4 is 24, the consumer will be at equilibrium when
a)the price-quantity ratios are equal
b)equal amounts of X and Y are consumed
c)less of Y and more of X are consumed
d)less of X and more of Y are consumed

3)When the marginal utility of a commodity is
Zero the total utility is
a) at its minimum
b) upward sloping
c) downward sloping
d) at its maximum

4) If the government invests the sum of #1,000,000.00 and the marginal propensity to consume is 0.75, what is the change in income?
a)#1,000,000.00
b)#4,000,000.00
c)#6,000,000.00
d)#14,000,000.00

(1)a (2)a (3)a (4)b

emekakelvin: (1)a (2)a (3)a (4)b

score-2/4