Economics Answers

What will happen if both shareholders and board of directors agreed to purchase the equipment, provided that an alternative source of financing?

Suppose the market demand-and-supply curves for the gasoline market are as given below. In each case, quantity refers to millions of litres of gasoline per month; the price is the price per litre (in cents).

Demand: P= 300 - 20QD

Supply: P= 120 + 4QS

Given these equations, the equilibrium price is 150 cents and the equilibrium quantity is 7.5 million litres. Compute the total revenue raised by the gasoline tax. What share of this tax is “paid” by consumers, and what share is “paid” by producers? (Hint: if the consumer price were unchanged from the pre-tax equilibrium, we would say that consumers pay non of the tax)

When the government imposes a tax of 36 cents per litre, Q*new = 6 million litres, the price consumers now pay is 180 cents and the price producers now receive is 144 cents.

The total revenue raised by the gasoline tax is $_____ million

The percentage share of this tax revenue is "paid" by consumers is ?

The percentage share of this tax revenue is "paid" by producers is ?

Daddy shares 45 sweets among his children, Joy, Ben and Troy in the ratio of 1:3:5 respectively. How many sweets do the kids get each, Troy, Joy and Ben (in that order)? [1] 15: 15: 15 [2] 5: 15: 25 [3] 45: 15: 9 [4] 25: 5: 15

After a promotion, Gwen’s annual salary was increased by 7.85% to R450 000. Determine his previous monthly salary and the monthly increase he will be getting. [1] Original salary of R34 770.51, with an increase of R2 729.49 per month. [2] Original salary of R34 556.25, with an increase of R2 943.75 per month [3] Original salary of R34 556.25, with an increase of R1 943.25 per month. [4] Original salary of R34 770.51, with an increase of R2 228.35 per month. 

The Coronavirus disease has led to many deaths globally. In Gauteng, the number of deaths per week increases by 9.2% every week. Suppose this trend does not change and 82 deaths have been recorded this week. Determine the number of deaths that: a) were recorded 4 weeks ago b) will be recorded in 3 weeks’ time c) will be recorded in 6 weeks’ time [1] a) 63 b) 98 c) 127 [2] a) 58 b) 107 c) 139 [3] a) 63 b) 106 c) 138 [4] a) 58 b) 108 c) 127

Johannes sells his 2-bedroom apartment for R920 000. The total commission is 8.4% of the selling price of which the sales agent receives 3 quarters and the rest will be used to pay the transfer fee. The sales agent receives [1] R52 142.86 [2] R57 960 [3] R19 320 [4] R77 280

Suppose the market demand-and-supply curves for the gasoline market are as given below. In each case, quantity refers to millions of litres of gasoline per month; the price is the price per litre (in cents).

Demand: P= 300 - 20QD

Supply: P= 120 + 4QS

Given these equations, the equilibrium price is 150 cents and the equilibrium quantity is 7.5 million litres. Compute the total revenue raised by the gasoline tax. What share of this tax is “paid” by consumers, and what share is “paid” by producers? (Hint: if the consumer price were unchanged from the pre-tax equilibrium, we would say that consumers pay non of the tax)

When the government imposes a tax of 36 cents per litre, Q*new = 6 million litres, the price consumers now pay is 180 cents and the price producers now receive is 144 cents.

The total revenue raised by the gasoline tax is $_____ million

Which one of the following is not a perfect square? [1] 289 [2] 121 [3] 169 [4] 362

Consider the following statements:

A. The product of 2 numbers of opposite signs will be a negative number

B. The reciprocal of an improper fraction is a proper fraction

C. The reciprocal of 1 is −1.

Which ONE of the following is TRUE?

[1] Both A and B are correct

[2] Only B is correct

[3] Neither A nor C is correct

[4] Only C is correct

The correct expression for a number which is twice as big as the number obtained after p has been divided

by 3, is