Other Economics Answers

• A perfectly competitive firm is described as a market with A. many buyers, many sellers and the production of homogenous goods.
•  B. a few firms producing differentiated goods.
•  C. a large number of firms that each individually sets the price of their goods.
•  D. a few buyers, many sellers and the production of differentiated goods.

• If a firm in a perfectly competitive industry raises its price above the market price _____. A. all other firms in the industry will follow.
•  B. sales will rise slightly.
•  C. sales will stay the same.
•  D. sales will drop to zero.

What are the two major forms of workforce diversity? Also discuss the key biographical characteristics and how are they relevant to organizational behavior?

As an accountancy or management accounting student, discuss about the significance of taking up a course in statistics in light of your upcoming research courses and your future career path.

1.1 tabulate the difference between 1992 and 2021 curriculum development in South Africa

3(a) An amount of Rs. 8,000 is distributed into three investments at the rate of 7%, 8% and 9% per annum respectively. The total annual income is Rs. 317.50 and the annual income from the first investment is Rs. 5 more than the income from the second. Find the amount of each investment using matrix algebra.

3(b) A wholesaler of pencils charges Rs. 24 per dozen on orders of 50 dozens or less. For orders in excess of 50 dozens, the price is reduced by 20 paise per dozen in excess of 50 dozens. Find the size of the order that maximizes his total revenue.

3(c) A computer is purchased for Rs. 50,000. It is estimated to depreciate at 10% per annum every year. Find its scrap value at the end of 12 years. 

Explain the difference between “the national efficient level” for one country and the “global

efficient level” for two countries (in bilateral agreements). Illustrate your answer by means of a graph.

If the net benefits of a particular environmental policy were judged to be regressively distributed among different income groups, would this be sufficient to oppose the policy?

Which one of the following statements best describes inflation? 

increase in the prices of goods and services [2] once-off and considerable increase in the general price level [3] a continuous and considerable increase in the price of electricity and petrol [4] a continuous and considerable increase in the general price level of goods and services