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1. The total production of the mobile company last week is 160,000 items. The design capacity of the factory of this company is 900 items per hour. The effective capacity of this factory is 195,000 items. The staff of this factory operate 5 days/week, 5 and 9 hours shift.
The Trump administration has imposed tariffs on a series of goods such as washing machines, solar panels, steel, and aluminum. Wikipedia has a long review of it. (https://en.wikipedia.org/wiki/Trump_tariffs#:~:text=As%20of%20January%202020%2C%20the,all%20U.S.%20imports%20in%202017).&text=Tariffs%20are%20expected%20to%20reduce,by%200.5%20percent%20in%202020) . We learn from our textbook that tariff hurts the economy, at least in the short run. Yet many countries use such a policy in an attempt to protect domestic industries. Some countries actually successfully grow their domestic industry by first protecting it from outside competition. But others fail. Which U.S. industries do you think can benefit from tariff and have a positive effect in the long run, and which will not? And why? Pick one market/industry to discuss.

What are the most important economic effects - good and bad - of forced redistribution? How should this inform government policy?



Buyers are willing to purchase original paintings for $1000, and indistinguishable first-copies for $200. Sellers are willing to sell original paintings for $900 and first-copies for $150. Buyers believe that 50% of the paintings in the market are first copies.

Buyers cannot distinguish between original paintings and first-copies, but sellers know with absolute certainty whether the art that they own is an original or a first copy.

Only first-copies are sold in the market because of which of the following reasons?
Cost object in manufacturing of orange juice

An investor would like to invest in orange juice production and he would like to know how much it will cost to produce a box of orange juice. He has shared a YOUTUBE clip of another orange juice production company to help with this activity. https://www.youtube.com/watch?v=T8KJGtMGMSY REQUIRED: From the clip and do the following: - a. Define and identify the cost object b. Identify and discuss all cost elements of orange juice production c. From (b) above, classify all elements of cost into direct and indirect cost and justify your answer. For example, Testers testing the quality of orange juice are direct labours because they are directly involved in the ensuring the quality of orange juice. d. Which product-costing system best describe orange juice production, justify your answer.


Assume market equilibrium is at E1 at the intersection of D1 and S. Now the demand curve shifts from D1 to D2 on the graph. Identify any three factors that could result in this increase in the demand for truck drivers.
Determine the size of the disequilibrium that will result from an (2) increase in the wage rate from R250 to R300.
Assume the market demand curve is D1, the market supply curve is S and equilibrium is at E. Now the market wage rate paid to truck drivers increases from R250 to R300. Identify the type of disequilibrium that will result from such a wage increase.
determine the size of the disequilibrium that will result from an increase in thewage rate from r250 ti r390
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