Monash Uni ECC1000 mid sem exam

[methodsman]

how'd you guys find it?
i thought it was alright, though, there were some Q's which were confusing...

[lynt.br]

It was okay. I think I did better than in the AFC1000 mid-sem.

Two questions though:

what does it mean by 'a shift to the right along the supply curve'? Does this mean a movement along the supply curve or that the supply curve as a whole shifts? I found it ambiguous because other options were 'movement left along the demand curve' and 'the entire supply curve moves to the left'.

Also if a constant slope PPF passes through a point (40, 60) does this mean the opportunity cost of producing one more unit on the x-axis is 2/3rds of the y-axis good or 1 or the y-axis good?

[methodsman]

i put 2/3 for that Q and the one with "shift" in it. also, did u get 10 rice?

[lynt.br]

i put 2/3 for that Q and the one with "shift" in it. also, did u get 10 rice?

What question was that for again? 10 rice rings a bell but I can't exactly recall what question it was for.

[IntoTheNewWorld]

what does it mean by 'a shift to the right along the supply curve'? Does this mean a movement along the supply curve or that the supply curve as a whole shifts? I found it ambiguous because other options were 'movement left along the demand curve' and 'the entire supply curve moves to the left'.

yeah that question reallllly confused me, using the word "shift" and "along the supply curve" in the same sentence T_T dodgy.

[*ryan777*]

what does it mean by 'a shift to the right along the supply curve'? Does this mean a movement along the supply curve or that the supply curve as a whole shifts? I found it ambiguous because other options were 'movement left along the demand curve' and 'the entire supply curve moves to the left'.

yeah that question reallllly confused me, using the word "shift" and "along the supply curve" in the same sentence T_T dodgy.

+1

i went with that cos nothing else seemed right so.... meh

overall, i did quite average, should have done better, but its still gonna b a better result then AFC1000

and yes 10 rice should b the correct answer

[mba]

A shift ALONG the curve refers to an expansion or contraction along the PRE EXISTING curve.

A shift OF the curve refers to the instance when the curve shifts inwards or outwards due to a change in demand/supply conditions.

This post explains it in more detail: http://vcenotes.com/forum/index.php/topic,23120.msg235099.html#msg235099.

MBA.

[TrueTears]

cool exam

[IntoTheNewWorld]

Results are up on Blackboard sorted by ID number~

37/40 woot.

[lynt.br]

Results are up on Blackboard sorted by ID number~

37/40 woot.

same *hi 5*

[Fyrefly]

Results are up on Blackboard sorted by ID number~

37/40 woot.

same *hi 5*

Congrats~!!

I got 39/40 when I did micro a couple years ago... I only remember because I was equal highest, and I got a letter from the ECC department at the end of semester encouraging me to major in economics.


On a much more bitter note, I epic-failed my Jap midsem today... I'm so angry about it... sensei didn't tell us when reading time finished and writing time started, so I was sitting there waiting until 20mins into the exam before I realised everyone around me was writing. I lost at least 14 marks because I ran out of time, and probably more from stupid mistakes because I rushed.

I didn't want to make a "JPL2030 mid sem exam" thread to complain, since I'm the only idiot doing it -.-"

/depressing vent.

[*ryan777*]

Results are up on Blackboard sorted by ID number~

37/40 woot.

same *hi 5*

Congrats~!!

I got 39/40 when I did micro a couple years ago... I only remember because I was equal highest, and I got a letter from the ECC department at the end of semester encouraging me to major in economics.


On a much more bitter note, I epic-failed my Jap midsem today... I'm so angry about it... sensei didn't tell us when reading time finished and writing time started, so I was sitting there waiting until 20mins into the exam before I realised everyone around me was writing. I lost at least 14 marks because I ran out of time, and probably more from stupid mistakes because I rushed.

I didn't want to make a "JPL2030 mid sem exam" thread to complain, since I'm the only idiot doing it -.-"

/depressing vent.

if it makes u feel any better i fcked up jap too
not just in the mid sem but they also decided to have 2 seminar quizes in the past 2 weeks and of course assignments have to come 1st

oh and yeah, i horrible screwed up micro test, not happy at all
anyone got an idea what the average score might b for the mid sem?