Economics of Enterprise Answers

Planning as a managerial function is necessary for.....

What economic impact have pandemics such as COVID-19, had on global trade?

. In pure competition, the average revenue of a firm always equals:

economic definition

supply

Plan and prepare a lesson for Grade 7 learners in Economics and Management Sciences on the lesson topic: The Economy: Needs and Wants as a topic prescribed in the CAPS document. (30) TOTAL: (60) HINT: LESSON PLAN ASSESSMENT RUBRIC Use this lesson plan assessment rubric as a guide to compile the lesson. Do not redraw this rubric, or complete the one below. It only serves as a guide to help you to plan your lesson.

1.1 You have just completed a lesson on the topic, Entrepreneurship: starting a businesses and an Entrepreneur’s Day. Plan a project on Entrepreneurship’s day for the grade 7 class. Prepare an assessment with a corresponding rubric to clearly illustrate the learning objectives based on the a) Learners knowledge and understanding of the type businesses b) Creativity of the business c) Uniqueness of the type of business (30) 

The student wants to study no more than a total of 35 hours per week. He estimates that the amount of time he should study physics is at least double the amount of time he should study economics, and the amount of time he should study calculus is in between those two values. Formulate this problem as an optimization model

The clothing industry in South Africa is best classified as a:

A.perfectly competitive industry

B.monopoly

C.monopolistically competitive industry

D.non of the aboce

Zero economic profit earned by firms in a perfectly competitive market indicates that:

A. firms will exist in the long run.

B. Total revenue covers all variable cost of production exactly.

C.P= AC

D. MR less than AR