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South African economic growth has not been performing well due to this state capture. How has state capture obstructed the country's economic growth and development? Discuss critically
Maria can read 20 pages of economics in a hour. She can also read 50 pages of sociology in an hour. She spends 5 hours per day studying. Draw Maria's production possibilities frontier for reading economics and sociology.
Which of the following is one of the justifications given for the law of supply?
What is the difference between a horizontal analysis and a vertical analysis of balance sheets and income statements?
Please explain elasticity using examples. Please use examples to explain inelasticity. If a product demand is inelastic what happens if prices are reduced or increased? If product demand is elastic what happens if prices are increased or decrease..
What is the opportunity cost of one yard of cloth? Can it produce 465 yards of cloth 2,239 pounds of wheat?
Market interest rates on similar bonds are 12.03 percent. Calculate the bond's price today.
Suppose that doctors’ visits cost $20, and the typical consumer has an income of $100. Consumers spend all of their incomes on doctors’ visits and a composite good that costs $1 per unit. Draw a graph that illustrates the consumer’s budget constraint..
How many cases of Robert Mondavi Private Select were sold each year from 2005-2008? a. Construct a table showing the total number of cases sold each year. b. Construct a bar graph showing the total number of cases sold each year. What is the trend in..
All Industries can increase the volume of goods or services sold by cutting prices.
Consider a production function as Y=axb and Variable Cost function (VC) = vx. Give the inverse function of the production function and define the parameter b in the production function. Calculate the Marginal cost.
Suppose that your production facility can only produce 1,000,000 pills per year. Illustrate what is your optimal price and quantity given the production constraint.
I have noticed that politicians continue to advocate an increase in the minimum wage. Politics and political manoeuvring aside, is there an economic reason as to why a higher minimum wage would benefit the economy?
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