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Identify the 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
Q3. Given an amount of rs 1000 list the normal goods which you will purchase from this amount. Explain in words how the laws of demand and supply apply to these goods . Assuming that the markets of these goods are competetive, explain in words how changes in supply will impact the market equilibrium if the amount of
rs 1000 promised to you is witheld and you cannot make purchase.
Financing the government’s support package is a contentious issue. Part of it is to come from reprioritisation of spending, part from an IMF loan and part from new debt issued in the local bond market. Some have suggested that the Reserve Bank should simply print the money. Apply the augmented Philips curve policy lesson to the suggestion that the SARB prints the money. Make use of graphs and explain what the impact might be on output and inflation.
describe any two economic systems and their functions on distribution of goods and services
Financing the government’s support package is a contentious issue. Part of it is to come from
reprioritisation of spending, part from an IMF loan and part from new debt issued in the local bond
market. Some have suggested that the Reserve Bank should simply print the money. Apply the
augmented Philips curve policy lesson to the suggestion that the SARB prints the money. Make use of
graphs and explain what the impact might be on output and inflation.
reprioritisation of spending, part from an IMF loan and part from new debt issued in the local bond
market. Some have suggested that the Reserve Bank should simply print the money. Apply the
augmented Philips curve policy lesson to the suggestion that the SARB prints the money. Make use of
graphs and explain what the impact might be on output and inflation.
Assume a consumer spends all her income in the purchase of two goods – Good X and Good Y whose prices are Ksh. 30 and Ksh. 20 per unit respectively. The consumer's monthly income is Ksh 3,000. She is satisfied with various combinations of X and Y but prefers to spend her income not in equal proportions – that is in a ratio of 1:1 respectively to maintain the level of her satisfaction.
Required:
Using a clearly labeled diagram, show the relevant budget line and indifference curve indicating the equilibrium position of the consumer.
Required:
Using a clearly labeled diagram, show the relevant budget line and indifference curve indicating the equilibrium position of the consumer.
Bright Star Resort recorded the following figures for December 2019: Labour costs were
R50 000, overheads were R180 000 and the gross profit was R110 500.
2.1 Calculate the net profit that was achieved during the month.
R50 000, overheads were R180 000 and the gross profit was R110 500.
2.1 Calculate the net profit that was achieved during the month.
Economics
what are the criticism of neoclassical economics
Which one of the following statements is correct?
A. As wealth increases, spending decreases.
B. Consumption spending is a volatile component of total spending.
C. The link between real consumption and real income is determined by the marginal propensity to consume.
D. In South Africa, government spending is the biggest component of aggregate spending C+I+G+X-M.
A. As wealth increases, spending decreases.
B. Consumption spending is a volatile component of total spending.
C. The link between real consumption and real income is determined by the marginal propensity to consume.
D. In South Africa, government spending is the biggest component of aggregate spending C+I+G+X-M.
She spends her entire monthly food allowance Rs.42 on rice and wheat flour. The price of rice per kg RS.2 and the price of wheat flour is Re.1 per kg. She purchase 12 kg of rice and 18 kg of wheat flour and her marginal rate of substitution between rice and wheat flour is Rs.1 . Is she in equilibrium? Explain.
