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Baldrick View Drop Down
Robbie Keane
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Baldrick Quote  Post ReplyReply Direct Link To This Post Posted: 15 May 2013 at 1:17pm
Ha ha hope you failed the exam :)
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Post Options Post Options   Thanks (0) Thanks(0)   Quote BigPodge Quote  Post ReplyReply Direct Link To This Post Posted: 15 May 2013 at 1:41pm
Originally posted by Baldrick Baldrick wrote:

Ha ha hope you failed the exam :)


Whoa there, no need to get personal, attack the post not the poster!


Edited by BigPodge - 15 May 2013 at 1:41pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote sausy Quote  Post ReplyReply Direct Link To This Post Posted: 15 May 2013 at 1:47pm
Originally posted by Baldrick Baldrick wrote:

Originally posted by seanyshuffler seanyshuffler wrote:

A proposal to increase excise taxes on alcohol by €1 to save lives will raise the price of a unit of alcohol from €4 to €5 (assumption that all the tax increase is passed on to the consumers).  The increase in price will reduce the quantity consumed from 200m units to 180m units.  Graph the demand curve.  Calculate and explain the change in consumer surplus.
    
 
Would the change in consumer surplus be 190?
 
Area of rectangle = €1x 180m=180
Area of triangle = €1 x 20m (1/2) =10
 
Change in consumer surplus = area of rectangle + area of triangle
 
Am I doing it right?


how do they know how much it will reduce the demand by. What metric are they using to calculate the amount consumed on a hypothetical situation Wink
 
principle of economics Baldy called elasticity of demand.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Sham157 Quote  Post ReplyReply Direct Link To This Post Posted: 15 May 2013 at 1:50pm
Originally posted by BigPodge BigPodge wrote:

Originally posted by Baldrick Baldrick wrote:

Ha ha hope you failed the exam :)


Whoa there, no need to get personal, attack the post not the poster!
LOLEmbarrassed jaysus Podge he's not serious
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Robbie Keane
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Baldrick Quote  Post ReplyReply Direct Link To This Post Posted: 15 May 2013 at 1:52pm
For feck sake podge and sausy you need new batteries for your detectors there .
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Post Options Post Options   Thanks (0) Thanks(0)   Quote AntrimMan Quote  Post ReplyReply Direct Link To This Post Posted: 15 May 2013 at 2:00pm
Originally posted by sham157 sham157 wrote:

Originally posted by BigPodge BigPodge wrote:

Originally posted by Baldrick Baldrick wrote:

Ha ha hope you failed the exam :)


Whoa there, no need to get personal, attack the post not the poster!
LOLEmbarrassed jaysus Podge he's not serious
 
Hang on a minute now Sham, thats rumour and conjecture and there's no factual basis to that.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Sham157 Quote  Post ReplyReply Direct Link To This Post Posted: 15 May 2013 at 2:04pm
Originally posted by AntrimMan AntrimMan wrote:

Originally posted by sham157 sham157 wrote:

Originally posted by BigPodge BigPodge wrote:

Originally posted by Baldrick Baldrick wrote:

Ha ha hope you failed the exam :)


Whoa there, no need to get personal, attack the post not the poster!
LOLEmbarrassed jaysus Podge he's not serious
 
Hang on a minute now Sham, thats rumour and conjecture and there's no factual basis to that.
I apologise
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Post Options Post Options   Thanks (0) Thanks(0)   Quote BigPodge Quote  Post ReplyReply Direct Link To This Post Posted: 15 May 2013 at 2:08pm
Originally posted by sham157 sham157 wrote:

Originally posted by BigPodge BigPodge wrote:

Originally posted by Baldrick Baldrick wrote:

Ha ha hope you failed the exam :)


Whoa there, no need to get personal, attack the post not the poster!
LOLEmbarrassed jaysus Podge he's not serious


Originally posted by Baldrick Baldrick wrote:

For feck sake podge and sausy you need new batteries for your detectors there .



Jaysus lads I'm takin the piss EmbarrassedEmbarrassedEmbarrassed


Edited by BigPodge - 15 May 2013 at 2:09pm
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Robbie Keane
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Baldrick Quote  Post ReplyReply Direct Link To This Post Posted: 15 May 2013 at 2:14pm
Well rescued Podge  
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Paul McGrath
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Post Options Post Options   Thanks (0) Thanks(0)   Quote BigPodge Quote  Post ReplyReply Direct Link To This Post Posted: 15 May 2013 at 2:27pm
Originally posted by Baldrick Baldrick wrote:

Well rescued Podge  


Do you really think I meant it?

A haha and a smiley face usually mean it's a joke!


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Post Options Post Options   Thanks (0) Thanks(0)   Quote Sham157 Quote  Post ReplyReply Direct Link To This Post Posted: 15 May 2013 at 2:36pm
Originally posted by BigPodge BigPodge wrote:

Originally posted by sham157 sham157 wrote:

Originally posted by BigPodge BigPodge wrote:

Originally posted by Baldrick Baldrick wrote:

Ha ha hope you failed the exam :)


Whoa there, no need to get personal, attack the post not the poster!
LOLEmbarrassed jaysus Podge he's not serious


Originally posted by Baldrick Baldrick wrote:

For feck sake podge and sausy you need new batteries for your detectors there .



Jaysus lads I'm takin the piss EmbarrassedEmbarrassedEmbarrassed
too late PodgeEmbarrassedEmbarrassedEmbarrassed
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Paul McGrath
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Post Options Post Options   Thanks (0) Thanks(0)   Quote BigPodge Quote  Post ReplyReply Direct Link To This Post Posted: 15 May 2013 at 3:17pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Sham157 Quote  Post ReplyReply Direct Link To This Post Posted: 15 May 2013 at 3:23pm
Let it go Podgey boy..let it go
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Gaz Quote  Post ReplyReply Direct Link To This Post Posted: 15 May 2013 at 3:53pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote RogerMilla Quote  Post ReplyReply Direct Link To This Post Posted: 15 May 2013 at 3:55pm
agree fully podge
 
baldrick Thumbs Down
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Robbie Keane
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Baldrick Quote  Post ReplyReply Direct Link To This Post Posted: 15 May 2013 at 4:56pm
Originally posted by RogerMilla RogerMilla wrote:

agree fully podge
 
baldrick Thumbs Down


LOL
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ShayGivensBum View Drop Down
Jack Charlton
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ShayGivensBum Quote  Post ReplyReply Direct Link To This Post Posted: 15 May 2013 at 5:27pm
Seany the answer to your question is 5. good luck in your exam Thumbs Up
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Post Options Post Options   Thanks (0) Thanks(0)   Quote seanyshuffler Quote  Post ReplyReply Direct Link To This Post Posted: 15 May 2013 at 6:30pm
Originally posted by ShayGivensBum ShayGivensBum wrote:

Seany the answer to your question is 5. good luck in your exam Thumbs Up

Had it already but thanks anyway
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