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What is a lighthouse characterized by?
a. high degree of excludability and, to some extent, low degree of rivalry;
b. low degree of excludability and high degree of rivalry;
c. high degree of excludability and, to some extent, high degree of rivalry;
d. low degree of excludability and low degree of rivalry
a. high degree of excludability and, to some extent, low degree of rivalry;
b. low degree of excludability and high degree of rivalry;
c. high degree of excludability and, to some extent, high degree of rivalry;
d. low degree of excludability and low degree of rivalry
The monopoly market is characterized by:
a. small size of producers relative to market;
b. a large number of producers;
c. the existence of market entry barriers;
d. differentiated product.
a. small size of producers relative to market;
b. a large number of producers;
c. the existence of market entry barriers;
d. differentiated product.
An decrease in the market price with a constant quantity of good that are produced can be caused by:
a. decrease in supply of a good;
b. decrease in demand for a good;
c. a simultaneous increase in demand and decrease in supply;
d. a simultaneous decrease in demand and increase in supply.
a. decrease in supply of a good;
b. decrease in demand for a good;
c. a simultaneous increase in demand and decrease in supply;
d. a simultaneous decrease in demand and increase in supply.
HOW TO PREPAIR WORKSHEETS
A government study has concluded that the marginal benefits from controlling cow-induced methane production are given by MB = 100 – R Where R represents the percentage reduction from unregulated levels. The marginal cost to farmers of methane reduction (through better cow feed) is given by MC = 20 + R a. What is the socially optimal level of methane reduction? b. If the government were to adopt a methane fee that farmers must pay for each percent of methane they do not reduce, how should this fee be set to achieve the optimal level of R? c. Suppose there are two farmers in this market with differing costs of methane reduction. The first has marginal costs given by MC1 = 20 +2/3R1 Whereas the second has marginal costs given by MC2 = 20 + 2R2 Total methane reduction is the average from these two farms. If the government mandates that each farm reduce methane by the optimal percentage calculated in part a, what will the overall reduction be and what will this reduction cost ?
Define economic growth
Economics
What is the economic problem In each of the following articles
The legal firm, SA Attorneys is registered as a VAT vendor. VAT is charged at 15%. On 27 March 2020, the partners approved sponsoring the tuition fees of a newly registered legal student from a rural area. An amount of R6 900 for the first semester tuition fees was paid to SA University via an EFT. The entry on 27 March 2020 in a book of first entry will be:
Which one of the following is most likely to increase the demand for US dollars on the South African foreign exchange market?
A. a recession in South africa
B. a rise in the interest rates in the US
C. an increase in the number of SA tourists visiting the US
D. a decrease in the gold price
Use the connection between your box diagram and the production possibility frontier to discuss what the frontier would look like in the following cases: i. Production of good X uses only labor, production of good Y uses only capital. ii. Both X and Y are produced using K and L in the same fixed proportions as the inputs are available in the economy and both exhibit constant returns to scale. iii.Both X and Y have the same production function and both exhibit constant returns to scale. iv.Both X and Y are produced using the same production function and both exhibit increasing returns to scale
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#332078 on Oct 2022
#332078 on Oct 2022