₦airaland Forum

Nunushokoto:
Tho the cutoff myt by 200,yu wl need more dan dat to be admitted into Colmas cos it is d most competitive college in funaab.........jst aim at 220 upward.

Osumare2013:
nothing less than 220.

adebisiolumide5:
Anybody here writing march 18 at ESA oke .... please quote me.... plus do we click the submit button twice??

napoleonbaba:
Cool

Study international organizations

napoleonbaba:
No
Arts

fflamingo:
when last did I touch math textbook. I was with somebody who sat for mathematics. But at lesst the question were not too hard. at mere glaring I can answer within 10 questions

fflamingo:
for the math cummulative frequency, mean, modal of group data and ungroup data, I don't knw about other. But they are simple.

Pr0ton:
A girl who registered at the same cyber cafe as mine originally reprinted before March 4 (I don't really know the day she reprinted, but it was before March 4. She actually came for the slip on March 4 as she had paid for it before March 4) There was no picture on her slip when she came for it, so the cafe operator had to reprint another one for her. It was then Jamb's website started having problem.

Meanwhile, the cafe guy had another list of reprinted slips which he reprinted before March 3. Going through the slips, the girl found her slip with her picture, but with a different date from the one she had first. She was excited seeing the slip with her picture. No longer cared for the former slip, she thanked the guy who helped her with the checking, she thanked the cafe guy and left.

What I'm trying to bring out is that she reprinted her slip twice, each slip having a different date, which confirms what mznelly said.

Roydxemmy:
@confused ones....initialy...if u check..nobdy was given 9th as an exam date...jamb is startin tomao...ah went to Noun today nd they were cleanin d hall for tomao examx...then configurin d computers....ah still wonder y some peeps are anxioux and afraid...dnt let it put u in trouble....my 2cent

T33jay007:
...... .jamb done dey kill me small small...i mean 3rd

T33jay007:
I printed on 3th

Martiyu:
K=1/1-b.

b = MPC = 0.8

1/1-0.8 = 1/0.2 = 5

Change in investment is = new level of investment minus initial level of investment I.e. 140 - 100 = 40

The multiplier which measures the multiple by which national income will change from a change in any of the exogenous variables (C, I & G.. Assuming a closed economy to simplify the model) that determine equilibrium level of income will act on the change in investment

#40×5= 200

successtar:
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Catalyst4real:
Its True, Trust me, When Writing the Exam, You Won't Notice the Increase

whales2020:
Pls,for those dt av reprinted dia slip...what do dey ask. For at d registration centre...is it only d slip or with d jamb registration card...Need ur reply pls

MizyB:
was it in the centre u registered ?

MizyB:
when is ur date?

MzNelly:
Just reprinted.
Mine is on the 21st of March.

*sighs*

MizyB:
bro am waiting for u o. Hearing some rumour that it might not be 'Today' again!

MizyB:
have you reprinted?

Martiyu:
First question, A.
Second question u were ryt on point. Now to explanation

When you refer to inferior goods, we talk relative to the income of the consumer yl when we talk about giffen goods, we talk with respect to the price of the commodity. They both have negative income effect but while the former is direct, the latter is indirect.



***I understand the above**



Changes in demand are relative to two effects, the income effect and substitution effect. Though this is beyond the scope of JAMB but it is not too early to learn.

For inferior goods, we assume that there are close substitutes for the goods and as such, the substitution effect dominates the income effect yl for giffen goods, because of the assumption that a giffen good has no close substitute, the income effect dominates the substitution effect which is assumed to be non existing... Hey! Don't get lost, stay with me..



**took me some time to digest this;so in essence,the abnormal relationship btw income and demand of an inferior good(since inferior goods are talked relative to income) is blamed on the substitution effect;but blamed on the income effect is the abnormal rel. btw price and a giffen good(since giffen goods are talked relative to price and no substitute is assumed)**



Using these empirical examples.

Let's assume that given my current income level, I eat eba considering the fact that garri is cheap. But later I got an upgrade in my income level, I may decide to now consume semovita or any other thing more and reduce my consumption of garri.

That is the substitution effect dominating. Moving to giffen goods. Let's assume that given my current income level, when I buy garri to make eba, I do add meat to my soup. But now the price of garri has increased and I can't shift to semovita that I consider as luxury. I would do everything needed to ensure that I take myself back to the position I was before the price increase. How would I do that, I would gv up meat to consume more garri despite the fact that its price has increased. Mark you, meat is not a substitute for garri.


**cool example^^***


The assumption that there are no close substitutes would make the income effect to overwhelm the substitution effect.

If you do not understand, please tell me.. I would look for ways to simplify it.





**I get u..thanks for clearing this up for me...now I know d difference btw d two**