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5. Find the slope of an assumed linear demand curve for theater tickets, when persons purchase 1,000 at $5.00 per ticket and 200 at $15.00 per ticket.
3. The market for lemon has 10 potential consumers, each having an individual demand curve P = 101 - 10Qi, where P is price in dollars per cup and Qi is the number of cups demanded per week by the ithconsumer. Find the market demand curve using algebra. What is the quantity demanded by each consumer and in the market as a whole when lemon is priced at P = $1/cup?
A pharmaceutical company Eureka Bio has discovered a Corona vaccine that can be produced at constant marginal cost of R10. The company has entered into offtake dosage agreements with Country A and B. Country A has a dosage demand of QA = 200 - PA, and Country B has dosage demand QB = 160 - PB.
(c) If World Health Organization introduces a regulation on the price of dosages, calculate the price, profits and dosages that Eureka can charge. [5]
South Africa, intergovernmental grants have been a important source of finance for Local
Governments. The allocations of these funds for use in the local authorities have been questionable,
some doubting if the funds are use for what they were earmarked for. Critically discuss, with the aid
of diagrams the conditional no -matching grants with unconditional nonmatching grant
1. Suppose that a researcher estimates a consumptions function and obtains the following results:
where C=Consumption, Yd=disposable income, and numbers in the parenthesis are the ‘t-ratios’
a. Test the significant of Yd statistically using t-ratios
b. Determine the estimated standard deviations of the parameter estimates
The Minister of Transport released its Festive season road accident statistics which shows that the probability of drivers committing an accident is 8% with utility , where H stands
for year income.
The Minister further claims these Festive season road accidents cost the state (in terms of claims lodged) an average of R84 000 per annum. The Road Accident Fund is an insurance scheme providing compulsory indemnity cover to victims of vehicle accidents and taxi drivers.
(c)Due to high accident rates in South Africa during the Festive season, the Road Accident
Fund has issued a warning to government that the fund will be insolvent soon. Advise the Minister on the cost of insurance that can collapse the scheme.
lockdown measures. The locks down measures crippled many economies including the South African
Economy. To resuscitate these economies, there is renewed interest in fiscal policy as a tool
macroeconomic policy. Critically discuss the shortcomings of anti-cyclical policy
Ahmad wants to deposit money for 5 consecutive years starting 4 years from now so she can withdraw $50,000 twelve years from now, Assume the interest rate is 10% per year. The annual deposit is closest to:(previous answers are incorrect, please answer correctly with Calculation because it is urgent)??
a. $5185
b. $5085
c. $5585
d. $5285
there are 2 goods x & y has utility function v=x2+y3 two commodities 2 and 6 respectively & his/her budget is 40 what is the quantities of x & y what will be the maximize utility
#339914 on Dec 2023