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Both the Competition Commission and Icasa found, in their inquiries, that Vodacom and MTN are dominant across the supply chain. Their dominance is even more entrenched by the spectrum-sharing deals that they have entered into with Cell C, Liquid Intelligent Technologies and Rain. Cell C is wholly reliant
Source: https://techcentral.co.za/mcleod-is-wrong-about-telkom/110373/
Accessed: 19/08/21
1.2 The behavior of the companies in the extract is in line with which of the following economic schools of
thought?
a) The Free Market School
b) Marxist Economics
c) Socialist Economics
d) A Planned Economy
which of the following explains why redistribution occurs during inflation?
a) Rising prices fail to signal desirable changes in the mix of output.
b) Because all prices do not change at the same rate, people buy different combinations of goods and services and own different combinations of wealth.
c) Relative prices remain unchanged.
d) All loans are indexed to inflation
hich of the following explains why redistribution occurs during inflation?
a) Rising prices fail to signal desirable changes in the mix of output.
b) Because all prices do not change at the same rate, people buy different combinations of goods and services and own different combinations of wealth.
c) Relative prices remain unchanged.
d) All loans are indexed to inflation
Given the information in the extract, the Simple Keynesian Macroeconomic Model concludes the following
about the South African economy in 2006. (4 marks)
a) Excess demand
b) Excess supply
c) Macroeconomic equilibrium
d) Aggregate spending is less than output
Mr. Akbar provides you with the following information-(all the transactions are separate and independent of each other) Started business with cash Rs150000 Purchased goods for cash Rs 25000 Sold goods to C on credit Rs 20000 Paid salary for cash Rs15000 Deposited cash into the bank account Rs100000.
a. Identify the accounts being affected in the monetary transaction and Identify the type of accounts identified - real, personal or nominal
Allowo Fishing Products (AFP) Ltd is analysing the performance of its cash
management. On average, the firm holds inventory 65 days, pays its suppliers in 35
days, and collects its receivables in 15 days. The firm has a current annual outlay of
R1 960 000 on operating cycle investments. AFP Ltd currently pays 10% for its
negotiated financing (assume a 360-day year).
14. The firm’s cash conversion and operating cycles are … and … days
respectively.
If the production function is given by f(x1, x2) = min{x1, x2} +
min{x3, x4}, what is the minimum cost of producing one unit of output?
49. A firm in a competitive market that seeks to maximize profits should employ workers to the point where:
c) the value of the marginal product of labor equal to the wage as the marginal cost of the factor
d) the marginal product of labor equal to wage
Which one is correct c or d?
“Periods of economic instability” are in line with which of the following views of the business cycle?
The consumer's utility is given by u(x,y)=16x-3√√x+y. The price of good 2 is normalized to 1. Find the change in consumer's surplus if the price of good 1 changed from 10 to 5.
Answer: 18.35
