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Your consulting firm has been asked to carry out a valuation exercise to determine the willingness to pay for the restoration of a degraded and polluted length of beach at a small coastal town that is a popular holiday destination and day visits. a. Using a case study, explain what valuation method you would use, and why? (10)


The Pinewood Furniture Company produces chairs and tables from two resources: labor and wood.

The company has 145 hours of labor and 100 board-ft. of wood available each day. Demand for tables is limited to 8 per day.  Each chair requires 3 hours of labor and 4 board-ft. of wood, whereas a table requires 22 hours of labor and 9 board-ft. of wood. The profit derived from each chair is $100 and from each table is $500. The company wants to determine the number of chairs and tables to produce each day in order to maximize profit.


The correct linear programming model formulation of this problem is:

Definition of the economy?


  1. When price of corn is R200 and of textiles is R150. Calculate income for both countries
  2. Plot a family of income lines with the same level of prices from the previous question
An Indian textile and apparel Brand “Arvind Limited” wants to enter into Middle East Market with its mens’ fashion clothing range.
What are the choices available to enter into this overseas market and what is the best suited option?

how do poverty and ignorance of parents hinder the growth of children? prepare an article about this situation taking examples from your surroundings. also suggest measures to overcome the problem


Using examples explain the difference between merit goods and public goods and show why it is possible for profit to be made in the supply of one of these types of goods but not the other
Use examples to illustrate the difference between private and public goods and explain why only private goods will be supplied in a free market economy.

Andy is the sole owner of his firm. In June , he moves 30000 from his business checking account to his personal checking account. If Andy wants his financial records to be in accordance with GAAP , should he record the transaction or not?why?


what are your thoughts about design thinking? Incorporate in your reflection the concept of social

innovation learned


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