3E Economics par. 1.2

• Economie
• Middelbare school
• vwo
• Leerjaar 3

Par. 1.1 assignment 14b

1. Yes, the bar is lower than the previous month
2. No, the bar is still above zero

Par. 1.1 assignment 14c

1. 39,0 + 0,017 x 39,0
2. 1,017 x 39,0
3. both are wrong
4. both are right

par. 1.6 assignment 1c

1. ( 340 - 280 ) / 280 x 100
2. ( 280 - 340 ) / 340 x 100

par.1.6 assignment 1d

1. 80 / 400 x 100
2. 80 / 320 x 100

Hw. answers

14a the percentual difference is positive

1a 7 / 70 x 100 = 10%

1b ( 850 - 820 ) / 820 x 100 = 3,7%

5a ( 1480 - 1400 ) / 1400 x 100 = 5,7%

5b Mustafa 3,5%, Henry 3,0%

5c 1,05 x 750 = 787,50

5d 1,0212 x 2.313 = 2.361,01

A minute costs € 0,25. Een text costs € 0,10. You have a bundle of € 10,-. Where do you go for?

1. 40 minutes, 0 texts
2. 0 minutes, 100 texts
3. 20 minutes, 50 texts
4. 38 minutes, 5 texts

Budget line

Means are multi-deployable

Means have alternative use

Alternative costs

1 minute cost 2,5 texts

Example

You have a budget of € 10,- per month for sandwiches and snacks at the cafetaria. A sandwich costs € 2,50 and a  snack costs € 2,-. Give some possibilities:

The budgetline

You can show your possibilities in a budgetline:

The budgetline

You can show all possibilities in a budgetline:

( use the points zero from the one and maximum of the other to draw )

Change budgetline

When the budget or the price of the products change, the budgetline will also change.

Imagine the price of 

snacks goes to € 2,50. 

What will the new 

budgetline be?

Change budgetline

When the budget or the price of the products change, the budgetline will also change.

Imagine the price of

snacks goes to € 2,50.

What will the new

budgetline be?

Imagine your budget increases to € 12,50. 

What will the new budgetline be?

Imagine your budget increaese to € 12,50.

What will the new budgetline be?

Budget plan

Income <----------------------> Expenditures

Expenditures:

- Fixed costs

- Daily expenditures

- Non recurring high charges

I bought a new car for € 12.000,- and expect to buy a new one in 8 years. The price will probably be 15% higher then. The trade-in value will likely be € 2.500,-. How much should I put in my monthly budget plan?

Answer

12.000 x 1,15 = 13.800

13.800 - 2.500 = 11.300

11.300 / 96 = 117,71

Budgetline

Practise

Click on the link at the word practise to go to the internetpage to start the practise

Hw.

Par. 1.2 assignments 3, 4, 6, 12

Assignments from the paragraphs

Par. 1.1 : assignments 2, 3, 7, 8, 9, 11, 12, 13, 15, 16, 17, 18

Par. 1.6 : assignments 2, 3, 4, 6

Par. 1.2 assignments 1, 7, 8, 10, 11