quiz 1

try to answer this questions!!!

1. what is the formula to calculate total cost?
   total cost= total fixed cost + total variables cost
   total cost= total fixed cost - total variables cost
   total cost= total fixed cost + average variables cost
   total cost= Average fixed cost + total variables cost
   
2. short run mean?
   fixed input only
   variables input only
   fixed and variables input
   marginal cost and marginal revenue
   

good luck!!

what is economics?

Economics is one of the compulsory subject that everyone must take it to complete their diploma in KPMBM.

Its not so difficult to understand this subject but u have to concentrate in my lecture.

WELCOME BACK!!!!

Dear students,


This blog for academic only.. i'll include all notes, exercises and anything that relates with our subject.


hope everyone can get a lot of benefit from this blog..


Thank you..

Regarding Surplus And Shortage

Dear students, here i give you a video regarding our last topic which is surplus and shortage.I hope all of you can understand better in this topic. Anything you need to ask, feel free to contact me. Thank You. Have fun !!

*be patients in buffering the video :P

Announcement !!!

Dear DBF1B and DBF1C students,

As i told you in class,i will conducted a quiz by this week..Unfortunately I can't make it by this week.
So, we will have our quiz later..Its a POP QUIZ so,just be prepared everyday..I will do it as surprise for you :)

Don't forget to study well before enter my class.

Thank You.

Announcement For Replacement Class :)

Assalammualaikum..

Dear DBF 1B and DBF 1C students,

Please be informed that a replacement lecture class will be conducted at  20 February 2012 ( Monday ) at BK 20 from 8.00 pm - 10.00 pm . Attendance are cumpolsary.

Thank You.

Market Equilibrium

When the supply and demand curves intersect, the market is in equilibrium.  This is where the quantity demanded and quantity supplied are equal.  The corresponding price is the equilibrium price or market-clearing price, the quantity is the equilibrium quantity.

Market equilibrium is a situation when quantity demanded and quantity supplied are equal and there is no tendency for price or quantity to change

Let's Have A Quiz

Assalammualaikum. How are you ? As i told you before, I will give a quiz . Remember to submit it to me on Monday, 13.February.2012.

Ready ?

Announcement !!!

Announcement !!!

Dear DBF 1B and DBF1C students,

Please be informed that the date for the submission of Assigment 1 is on 17.February.2012 along wwith the Power Point slides presentation.

Late submission will result in marks deduction.
Remember this assigment cover 10% of your final.

Thank you.
:)

Production Possibilities Curve

Production–possibility frontier (PPF), sometimes called a production–possibility curve or product transformation curve, is a graph that compares the production rates of two commodities that use the same fixed total of the factors of production.

KEY GRAPH OF MICROECONOMICS

This music video covers many of the key graphs of microeconomics. Don't forget to watch the very end. Enjoy !!

Announcement For The Module !!

Dear DBF 1B and DBF 1C students,

For your information, I have do a module for this subject and already gave to your class leader. So, all of you must pay RM10.00 for the module .

Thank You.

SUPPLY AND DEMAND : HOW MARKETS WORK

MARKETS AND COMPETITION

• A market is a group of buyers and sellers of a particular good or service.
• The terms supply and demand refer to the behavior of people as they interact with one another in markets.
• Buyers determine demand
• Sellers determine supply