Economics Answers

What factors militate against the effective compliance with continuous assessment standards by economics teachers in South Africa

In what ways can the Economics teachers be assisted to improve on their skills in continuous assessment practice with a view to enhance learner's optimum performance

The accounting equation and the balance sheet

2 The double entry system for assets, liabilities and capital

3 The asset of stock

4 The effect of profit or loss on capital and the double entry system for expenses and revenues

5 Balancing off accounts

6 The trial balance

3 18 28

38 49 57

Technology advances in the Information and Communications Technology (ICT) sector over the past two decades have reduced the cost of computer chips. How do you think this has affected the market for computer hardware, computer software and typewriters?Support your answers for each market mentioned above with appropriate diagrams on the market forces of supply and demand.

In what way can the Economics teacher's be assisted to improve on their skills in continuous assessment practice with a view to enhance optimum performance?

What factors militate against the effective compliance with continuous assessment standard by Economics teacher's in South Africa

On 15 May 20X7, Blake pays a cheque for £3,000 to D Smith in part payment of the amount owing. The asset of cash at bank is therefore reduced, and the liability to the creditor is also reduced. The balance sheet is now:

 B Blake

Balance Sheet as at 15 May 20X7

Shop

Stock of goods Debtor

Cash at bank

Less: Creditor

Capital

 Assets

£ 32,000 6,000 600 25,400 64,000

( 4,000) 60,000

60,000

   Note how the total of each part of the balance sheet has not changed. The business is still worth £60,000 to the owner.

Given: Marginal Utility Schedule of Jun for Beer Q MU in monetary terms 1 10 2 7 3 5 4 3 Price of beer = P5.00 a. How many bottles of beer does Jun needs to take to maximize his utility? Justify your answer. *

Marginal Utility Schedule of Jun for beer Q MU in monetary terms 1 10 3 7 3 5 4 3 Price of beer =P5.00 a. How many bottles of beer does jun needs to take to maximize his utility?

A. Create a table of Production Schedule for Output X with Variable Labor Input using the Marginal Product Form.