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Are common resources excludable? Are they rival in consumption?

 Define the IS curve and LM Curve. Discuss at least three characteristics of each of these curves


Identify type of market/industry structure that is applicable to the cinema industry in south Africa. Justify your answer by referring to the main characteristics of this market structure.


. Suppose that for a particular economy and period, investment was equal to 200, government expenditure was equal to 100, net taxes were fixed at 150, and consumption (C) was given by the consumption function C = 20 + 0.6YD where YD is disposable income and Y is GDP. a. What is the level of equilibrium income (Y) ? b. What is the value of the government expenditure multiplier (Y>G) ? Of the tax multiplier (Y>T)? c. Suppose the investment declined by 100 units to a level of 100. What will be the new level of equilibrium income?
Beloved Company was incorporated on January 1, 2020 with a authorized share capital of 300,000 shares at $20 par value. Record the transactions completed during the months of January and February.

a. The incorporators subscribed to twenty five percent of the authorized share capital and paid 25% of the subscription price.

b. The incorporators paid the balance of the subscription.

Journalize the transactions

Assume a market equilibrium is at E1 at the intersection of D1 and S.now the demand curve shift from D1 to D2 on the graph .identity any three factors that could result in this increase in the demand for truck drivers?


Identify any five examples of industries under conditions of monopolistic competition and outline any of their salient features to justify your selection



Find MPC, when multiplier (K) = 1.


Balances at 1 April 2019


R

Equipment: Cost


28 000


Accumulated depreciation: Equipment


(26 133)


Additional information


At the beginning of the financial year, 1 April 2019, Namgoong Plastics replaced its plastic shredding equipment with new glass recycling equipment that had a purchase price of R45 600. The replaced plastic shredding machine was sold for R5 000 cash, it was the only piece of equipment in the books of Namgoong prior to the purchase of the new glass recycling equipment. Depreciation is provided at 20% p.a. on the straight-line method.


The depreciation on the glass recycling equipment for the year ended 31 March 2020 amounted to:


identify any six factors that can impact the price elasticity for biltong
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