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- Briefly outline and explain some of factors that depend on line amount of a commodity a consumer os prepared to buySketch the following budget constraints: PX PY Income A RO 50 100 RO 5000 B 100 150 5000 C 50 200 2000 D 20 8 800ert 12 I U ab x, x² Po ords dy Draw Design Layout DA Aa A A W Econ week 4 No Label Saving... V Font 3 v E B 1 2 Units of Variable Input 3 5 8 References Mailings Review E-6-5- == 無 無 無 E AF $ 4 B-21 ¶ Paragraph 1 . ▬ 2 R 2.5 Lx Text Predictions: On Accessibility: Investigate Price/Unit Total Cost of Input 3 4.5 6 Search 2 % I a. Calculate the total input cost and the marginal input cost. 5 T O Search View Help F5 Normal A 6 b. If the marginal value or marginal revenue products were 4, what would be the profit- maximizing level of input? 3 Marginal Input Cost - Y No Spacing Heading & 887 Styles * 7 F7 *00 99+ 4 5 6 V 8 8 1 << ( F 9 F 1 Editing V W Dictate O Voice K 2 Focus d Wine, Melany Commen Sensitivity Sensitivity @
- Area of original paper 3.1.1 Complete the table above. lal paper change as htandia fokcs oto dsfterent laalves? wa the or th glain your anawer Describe he kind of relationahip between the ares of the original paper and the aumber of folds. 3.1.3 4. Mr Majola owns a shop where he repairs household appliances. He woulid like to buy a cell phone so that he can contact his customers after their work is done. Two different cell phone providers forwarded quotes to him upon request. Cell phone provider SAVE MORE quoted R80 per month and R2,50 per minute. Cell phone provider CASH IN quoted R100,00 per month and R2,00 per minute. Look at the incomplete table below: Airtime in minutes: t 10 20 30 40 50 60 SAVE MORE'S cost in rands: CM 80 105 130 155 Ass 380530 CASH IN'S cost in rands: Ca 120 140 160 240 340 460 100 4.1 What does the table above show? 4.2 Write down the symbol which represents the independent variable. 4.3 Where does the value 80 in row 2 come from? 4.4 Explain the situation if…Which are those economic goods which do not have any type of the physical characteristics they are intangible one wordIf you have 10 dollars to spend, and the price of water is $1 oer bottle, the budget containt would show that the most water you could buy is?
- What do you mean by consumption goods? Give example also.Would a research study on the effects of soft drink consumption on childrens cognitive development he a positive or normative statement?Suppose Alphonsos town raises the price of bus tickets from 0.50 to 1 and file price of burgers rises from 2 to 4. Why is file opportunity cost of bus tickets unchanged? Suppose Alphonsns weekly spending money increases from 10 to 20. How is his budget constraint affected from all three changes? Explain.
- Select the number of the question and the letter to indicate the answer you consider correctfor each question. Answers to all questions are to be recorded on the answer sheet. (Pleasenote - Do not submit the full question with a circle answer. ONLY the number and theletter).1. The Law of demanda. applies to final consumer goods but not to the productive resources purchased bybusiness firms.b. tells us how much of a good people want, but not necessarily how much of that good theyare willing to pay for.c. tells us that when the price of a good falls, quantity demanded will increase.d. applies only to goods that are not absolute necessities. 2. The law of supply states that all other things remaining the same:a. as the price of a good increases, supply of the good will increase.b. as the price of a good increases, the quantity of the good supplied willincrease.c. as the price of a good increases, demand for the good will increase.d. as the price of a good increases, the quantity of the…Price per arginal Utility Fron Current Consumption Product Unit $ 10 20 20 30 The table shows the marginal utite derived trom curent consumpton leves of three new products. A B and C at are being sold in the maet at the prces isted The contumer can imniediately gan the most extra total utity by winching spending from Mnple Choce ANE5. Discuss the concept of Economic Goods.?