Hi i am from viet

last SG · 2007-08-22T14:17:39+00:00

1)20 2)15 3)1 cake = 3/4 shirt Maths? and somemore like primary one standards...

JulietChen SG

here to have my private dip and degree in BBA , not good in my english so sorry , anyone here study BBA as well ? I have few assigment which i really cant handle and need help hope someone could help here .

Question :

An economy has 5 workers . Each worker can make 4 cakes or 3 shirts . (Opportunities Cost)

1) howmany cakes can society get if its does without shirts ?
2) how many shirts can it get if it does without cakes ?
3) what are the opportunities costs of a shirt and cake ? Explain ur answers stating your assumption .

thanks for your help any study BBA or called economics under BBA can help me with it appericate it thanks

mr_sotong SG

cakes?

Laughing

gLc SG

sotongs?

Laughing

Agenda SG

erm is that maths?

1) 20
2) 15
3) the opportunities costs are cakes to shirts, 4 to 3

cakes would generate more opportunities? because more cake means more things to sell?

i don't know.. anyhow hantam..

euc SG

Why your degree questions so easy?

I scare tell you the answer. Later you go back exploit your country people.

77th Cloud SG

Pandas?

Embarassed

Agenda SG

why you got skid pics?

Kenashi SG

1) 20 cakes
2) 15 shirts
3) 1 cake's opportunity cost is 3/4 of a shirt
1 shirt's opportunity cost is 1 and 1/3 of a cake
i give u the answer, don't expect me to spoon feed u Laughing

jay_rocks SG

i almost thought its da bian.

Fatum SG

http://sgforums.com/?action=forum_display&forum_id=2297

JulietChen SG

ya we Viet different from you all singaporean , u all study so many language , i am proud of you all , Yes my degree question very easy but for me really difficult . anyone seriously knowthe answer ?

question 2 : " Floor price concept "
Suppose the goverment rause the minimum wage " Floor price " alot . What effect do you see in the workers market ? will employment rise or fall ? do you think emplyers and workers like this policy ?

TWE SG

First thing is you never tell us whether the workers are male or female ? Assuming female HAVE to wear shirt to work , so assuming all your 5 workers are females , then you can make any cakes without shirt cos the ladies will be too shy to work without shirt . So you can't make any cakes without shirt unless they do not mind being topless then still have to see their working speed .
As to how many shirt can it get without cakes , well its no problem you know . Without cakes they still can eat other stuff for meals and make shirt , not to mention wear them .
Hmmm the opportunities cost of a shirt and a cake , that will have to see where your factories or shop is as some countries have higher cost while others have lower . Some countries have more or even cheaper resources to make while others may not even have the resources to make and you have to import it adding it to the cost . Mr. Green

hloc SG

did anyone see a bird flying in the sky...... Mr. Green

boka SG

I like viets girls Smile

dragg SG

1. 20 cakes
2. 15 shirts
3. the opportunity cost of a cake is 0.75 shirt. the opportunity cost of a shirt is 1.33 cakes.

gLc SG

no la, i just take from him.

Mr. Green

cApitaland SG

Laughing

Meat Pao SG

Just think in simple terms....

I cannot believe you dont know the answers.....but assuming you are not joking....I think u might be thinking in too complicated way.....

Abt the second question....

Again think in simple terms....

If price is raised.....demand will fall....

So if the labour wage is raised....the demand for labour will fall....

Whether employer and employee will like this.......employer surely dont like this...and employee....probably will like it....but there is a possibility it will harm them, if they are among the labourers who got fired, or not hired. If they are among those retained, then yes they get higher wages and become happier.

Im sure this theory is explained in ur textbook....what textbook are u using?

Meat Pao.

MooKu SG

I think I learnt this in junior college…...........................

Ole SG

If rise the wage floor, means more expensive to hire people, thus the demand for labour will fall. There will be more unemployment. For those that manage to keep their job, they will be happier. For those that lost their job, unhappy.

For employer, if most of their cost of production comes from wages. Then they will be forced to decrease production. Depending on the elasticity of demand for their goods, it can be good or bad for the employer. If elastic demand, then they will earn less money when they decrease production, vice versa