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Ben and Jerry decided to go into selling their farm produce. The live-in Marble Hall,
—an Agricultural college town —and completed a R500 correspondence course
from Tompi Seleka on basic agriculture. With their life savings of R8,000 and R4,000
of borrowed funds, they set up an informal market on a busy street corner in Marble
hall.
Ben and Jerry want to formalize their business. Their next big decision is ‘’which form
of business ownership is the best for them. Considering their case study and
evaluating all the business ownership thoroughly, advise them on a type of business
ownership they can venture into.
Company A is the only supplier of glass in Big Apple City used for tall buildings’ exteriors. Its marginal cost of production is cA=1, and it has no other production costs. The demand for such glass in Big Apple city is QD=2-P. Company B in Jersey City produces the same glass and is considering whether to expand to Big Apple city. If it enters, it needs to get a permit to allow it to be a supplier in the Big-Apple city at a cost of L=0.5, which does not vary with quantity of output, and its marginal cost of production is cB=0.5. If it expands to the Big-Apple city, companies A and B both supply to the market, and the market price P satisfies QA+QB=2-P, where QA is company A’s production level and QB is company B’s
If company B expands to the Big-Apple city, what is the resulting price in a Nash equilibrium?
Write down the functional form for quantity demanded of a particular good. Create a demand
equation, prepare a schedule and draw a graph accordingly.
explain how income and price of related goods can affect the quantity demanded of a good using graph and example
Sowane’s Computer Training School in Sigatoka stocks workbooks with the
following characteristics:
Demand D = 18,500 units/year
Ordering cost S = $26/order
Holding cost H = $4/unit/year
a) Calculate the EOQ for the workbooks.
b) What are the annual holding costs for the workbooks?
c) What are the annual ordering costs?
find mean
items 0-5 5-10 10-15 15-20 20-25 25-30 30-35 35-40
f 2 5 7 13 21 16 8 3
why does an equal increase in autonommous government spending and autonomouse taxes raise national output
If the minimum point of the short run ATC curve for all firms (existing and potential) is also the minimum point of the long run average cost curve (LRAC), calculate the long-run equilibrium price, market quantity, and firm quantity. What is the long-run equilibrium number of firms in the industry?
Sowane’s Computer Training School in Sigatoka stocks workbooks with the
following characteristics:
Demand D = 18,500 units/year
Ordering cost S = $26/order
Holding cost H = $4/unit/year
a) Calculate the EOQ for the workbooks.
b) What are the annual holding costs for the workbooks?
c) What are the annual ordering costs?
Explain, using examples, the difference between cash flow statements prepared using the
direct method versus the indirect method.
