₦airaland Forum

Emmy35: 1 D
2 C

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!!!!!!!!

papindinho: 1* c 2*A

Jogujay: Here. Seems kinda dry today ??

Ajengb: . Well done

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

emekakelvin: k : 1/1-mpc, 1/1- 0.6,then,k is therefore 10/4,2.5,the answer is c

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.

emekakelvin: its true bro

Ajengb: @adex097 multiplier effect is a reciprocal of marginal propensity to consume(MPC) while d 1st questn is #4.0m but u went 4 25m can u share ur workings?

Ajengb: . How can no 2 be MPS ? Did u knw what multiplier is or u just guess? Explain sir

Ajengb: . How can no 2 be MPS ? Did u knw what multiplier is or u just guess? Explain sir

emekakelvin: (1)b (2)b

Hausa: @ aduwo emmanuel...
I'm so sorry i've not been able to reply u.
>
a lot of things hav been holding me up.
Anyway.....i went to d fac. in respect of ur name and i cudnt find it.
>
though d search wasnt thorough cos they have used people's passport images to cover d other list up and its not sometin i will like to tear
Nevertheless, i implore u keep checking d eportal. Anytin can happen

paul234: BE THE FIRST OF YOUR COLLEAGUE TO BE INFORMED!

Emmy35: Yea..... Going home 4 Easter

Emmy35: U can ask anybody. Students buy textbooks in school but i doubt it if they'll have fundamental Econs

Emmy35: I'll buy it wen next i'm going 2 Lagos cos there's no bookshop here in Ago-Iwoye

phtemie: Yea....I used it in my WAEC and i came out with B2...since then,i've been loving it..

Emmy35: Pls how much is it? I don't have much with me

Ajengb: @adex097 I have issues with question 2 and 5 because I can see most people went for marginal productivity of labour but increase in marginal productivity wil only last in a short period because of oder factors held constant bfor it declines and even run negative.but I think its d total productivity that increases far higher though it also slope downward at some point. And Questn.5,its not D and C because if there is currency depreciation little money will be required to transfer dere produce which is d export duties and remember when when the're to be paid its in dollar,so when u now convert d dollart to naira then its a lot of money.It can only be D if govt charged higher export duties which will make exportation less attractive.so d options need to tell us whether its increased export duties or reduced export duties.

phtemie: But if u look that c...and analyse it...u might want to pick it...
Am not doing econs sha..

phtemie: Fundamental econs is good..

aragbs4real05: ehn ehn so u knw! I wanted to tackle u about the no.5 quest I justy decide to keep quiet and learn or probably watch...my guy d answer is D.

fynestbarrister: TAKE DIS EARLY MAWNING TEA wit little sugar

Akpos: Baby, I'm gonna tell youa story with 4 parts. Remember that, 4 parts!
Ekaitte: "Alright love..."
Akpos: "Okay, I'm gonna start with part 1. There was a husband and a wife,they were driving to a campsite when they came upon a split road. The husband says "let's take the left one." The wife says "I think we should take the right road." The husband slaps the wife across the face" who's driving, me or you?" and they take the left path."
Ekaitte: Hahahahahahahah ­­­aha
Akpos: Now i'm gonna tell you part 2. Once they get to the campsite the husband goes fishing so his wife can cook their dinner. He comes back and the wife says "good now I can cook fish soup for us to eat!" The husband says "but I wanna eat fried fish" The wife slaps the husband acrossthe face and says "who's cooking me or you?!" and they end up drinking fish soup.
Ekaitte: correct babe! Hahahahahahahah ­ ­­ahaha
Apkos: Now I'm gonna tell you part 4
Ekaitte: What about part 3?
Akpos : [Landed Ekaitte hot slap across the face] who's telling the story me or you!