af Jia Yi Ang 12 år siden
208
Mere som dette
Hey! We can chat here.
hey
good
okay first qns,
how to start drwing ar?
haha
Explain the concept of scarcity, choice and opportunity cost when you are deciding whether to set up the Yoghurt ice cream stall.
where is wanrui?
i do scarcity
you do choice first
she on her way to use comp
i do opportunity cost first
HI GUYS!
choice- combinations attainable
oh, I thought choice is more of the 3 questions?
BTW did you add crystal? It's under "share", right?
yup
added
okay i think i got her email wrong
LOL yeap. added her (:
okay. regarding the choice thing, do we have to say what choices are there?
YEAP
Consumers with changing tastes and preferences - ice cream yoghurt is the healthier choice compared to other types of dessert.
Higher income Singaporeans
Capital-intensive
Large use of yoghurt machines to make ice-cream yoghurt.
Ice-cream yogurt
Can i say that there is scarcity cos its unique and the onl stall selling?
scarcity cause3 there's a lack of resources to produce the froyo!
uhm
in terms of input factors. omg this chat thing is so complicated
so its the milk?
cos its high in demand?
no no, cause the same factor can be used to produce smth else
....so technically speaking, scarcity results from goods in competitive supply?!
HOLD ON let me ask my friends
huh? omg im confused!
NONO ignore me
omg so confusing :(
so is millk
and money(investment capital)
is it?
LOL sorry sorry guys. k scarcity results from LIMITED resources and unlimited wants......
ehhm.
yes..
money shouldn't be counted under scarcity
milk is
YEAH
so is it just milk?
hmmm.....
er no
"other raw materials" can?
LOL jiayi did you just answer your own question!
yeah because nobody replied me@
LOLOL
what else is involved in the production of froyo
THAT'S IT I'M GOOGLING FROYO
SUGAR
i googled too hahaha
LOL. yogurt culture
yeah
animal gelatin
HAHAHA do we actually add these in
idk leh ..
LOL OK
we habe to addi it in?
because there is nothing much more to add..
LOL yes HAHAHAH just add it in lor
okay..
yeah okay
then we have to explain it?
OH. I think we need to say smth like, with rising demand in foryo (tastes and pref), we're unable to meet the UNLIMITED dd cause........factors of impur are limited
but it;s quite redundant, isn't it v commonsensical!
okay, hey wanrui,
CHOICES
Haha, Mdm woon syad econs is basic commonsense made diff with terms..
faith are you there?
okay can
yeah.
im trying to figure it out
huh. I'm lost
yes me too
k
where to go after scarcity
i think after this we can work on the 2nd mind map now>
so you mean we should do second mindmap now?
yeap
unless you have other things to add here?
nope
let's move on
okay
(:
if we have anything to add, then we can always come back here before the hols end (
how to create new mindmap uh
loLoloololo i'M TRYING TO FIGURE THAT OUT TOO HAHAHAHA
Opportunity Cost: Not being able to go to University to have a better education which may translate into future employment opportunities et al.
hi wanrui!
ugh
how to use this thing
I work on choices kkk!
Hey wanrui!
yeah!-.-
okay!
i rather use paper
me too
so why scarcity ar?
Opportunity Cost: Not being able to set up Yoghurt Store to reap tangible benefits such as income from the sale of Yoghurt.
