Search & Filtering
how can policy makers (government) use the neoclassical model of production and consumption to inform policy decisions in the economy? Discuss by using an example
the neoclassical model of production and consumption as well as some instances where the model suggests government intervention can be welfare improving. Which approach do think is more important for policy formulation in South Africa, and why?
Is electricity provision in South Africa a public good?
How has the competition commission promoted economic efficiency?
This type of research allows practitioners to gain a more accurate description of the situation.
Select one:
a. Ad hoc research
b. Casual research
c. Exploratory research
d. Descriptive research
Ubisoft Entertainment is a partnership of exclusive game distributor who specialist in electronic arts and play stations. The two partners who share profit and losses equally are the brothers Arthur and Blaise.
Required: Prepare the statement of profit and loss and other comprehensive income for the year ended December 2020 for Ubisoft Entertainment.
2.2Profit Appropriation account before Claude was admitted as a partner.
2.3Provide Journal entries for Claude s a partner
Due to substatial increases in prices in country A, the al income level of the population in country A decreases. Show a diagram how decrease in the income level in country A will affect the demand for meat which is a normal good. Also indicate how the equilibrium quantity of meat will change in country A. The direction of any change should be indicated using arrows
Calculate the new profit sharing ratio after the admission of Fischer.
Da Silva and Ehlers decided to admit Fischer as from 01 January 2018 as a partner under the following term and conditions:
Fischer will receive 1/5 of the profit and losses.
Da Silva and Ehlers will contribute in the ratio 2: 1 toward Fischer s 1/5 profit share
Fischer must pay N$1800000 for her 1/5 share in the partnerships assets
The assets of the partnership were re- valued on 1 January 2018 and the revaluation account revealed a surplus of N$60000
When an employer lists a job opening, they receive hundreds of applications. Eightfold is a new product that uses artificial intelligence (AI) to scan resumes and quickly and accurately identify the applicants who are the best fit for the job. An economist who studied the use of AI in hiring said, “You get the more nontraditional, equally qualified, equally high-performing people, but the employer doesn’t seem to have to compete for them as much.” What effect might the use of AI have on the slope of the Phillips curve and why?
Acme Tobacco is currently selling 5,000 pounds of pipe tobacco per year. Due to competitive pressures, the average price of a pipe declines from $15 to $12. As a result , the demand for Acme pipe tobacco increases to 6,000 pounds per year.
a) Assuming that the cross elasticity does not change, at what price of pipes would the demand for pipe tobacco be 3,000 pounds per year? Use $15 as the initial price of a pipe
