We sometimes just suck at things so our results may be less than proportionate to the efforts we put in. It takes a larger than proportionate increase in effort to cause an increase in results.
Assumptions:
1. At zero effort, we still get some results — not zero. This varies according to your intelligence.
2. As effort increases, results increases. This may not be true for some people, for results can fall even with additional effort put in.
3. Ceteris paribus condition is held true. For instance, the difficulty of the exam paper, the quality of the effort spent mugging.
4. Assuming short-run mugging spree condition.
So for different subjects, students have different effort elasticity of results. This is represented by the slop of the results curve.
Some people has a very high effort elasticity of results for economics — an increase in effort results (no pun intended) in a more than proportionate increase in results. Therefore they are said to have effort elastic results. But it is first prudent to examine the determinants of effort elasticity of results.
Determinants:
1. Intelligence Quotient (IQ). Smarter people generally have a more effort elastic results.
2. Academic foundation. Similar to IQ, but just how much you have mugged in the long-run also affect your effort elasticity of results.
3. Spare capacity of your brain. Similar to IQ. Some brains cannot respond quickly to a change in effort because they are already working at full capacity.
4. Time period of mugging. Some subject requires more time to prepare. Eg. Maths and Chemistry. Econs and bio just mug one day before the test and vomit everything out. Supposedly.
HAHA okay its pretty funny that’s all bye!
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