Macroeconomics Answers

If foreign competition for South African producers of textiles increased, then we would expect the demand for domestically produced textiles to _____ and the demand for labour to _____.

where, W = Wheat yield (kg/ha), F = Fertiliser (kg/ha) and L = Labour (hours/ha) 

Derive an expression for the least-cost expansion path given that fertiliser costs R12 per kg and labour costs R6 per hour. [4]

If the wheat producer has a budget of R9 000 to spend on fertiliser and labour, how much of each input should he use and what is the quantity of wheat he will produce? [4]

Derive expressions for the value of marginal product (VMP) of fertiliser and labour given that wheat sells at R72 per kg.

Discuss how SADC undertakes to address the main issues raised under the three cross-cutting development issues namely, HIV/AIDS; Gender and the Environment.

why do national income includes only final good in measuring the GDP?

The people on thohoyandou Island buy only juice and cloth. The cip basket contains the quantities bought in 2010. The average household spent $60on the juice and $30 on cloth in 2009 when the price of juice wa $2 a bottle and the price of cloth was$5a meter. In current year 2010 juice is $4 a bottle and cloth is $6 a meter. Calculate cip per basket

Statistics south Africa reported the fo3 data fir 2012 labour force 17 948 000. Employment, 13 422 000, working age population, 32 786 000. Calculate the unemployment rate, labour force participant rate and absorption rate