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- Figure 1 The production possibility frontier ABCDE is a production possibility frontier. It shows the different combinations of goods which can be produced if all resources are fully and efficiently utilised. The economy can produce at any point on the line. It cannot produce at G because the PPF shows the maximum that can be produced. It can produce within the PPF,05 such as at F, but less will be produced than the maximum possible. Non-manufactured goods 50 40 30 20 10 0 A 10 B Ti C 20 30 Manufactured goods G D E 409 On O on G Qu O Ins SO so O I Gra E Co E DiaE Co Shtt D m/document/d/1NIbZ8y8Hza_EHeTgoCptFjhxirv5DG8Q/edit icati. H Astronaut Bio's Pt Periodic Table - Pta... G 1.429 kg/m3 to g/. M (no subject) - mori. H Help Last edit was yesterday at 7:24 PM - Calibri BIUA 三===| 三|ニミ▼E▼三 28 4. 2 3 5 O What is a Business? In your own words, explain what a business is? Types of Businesses Explain each of the following types of businesses. Then provide 3 examples of each. • for-profit business • non-profit organization. Product Life Cycle List the 4 stages of the Product Life Cycle. Then explain how a company's sales are doing at each stage (ex. At this stage a company's sales are increasing). Forms of Business Ownership List and explain the 3 forms of business ownership we discussed in Unit 1. Provide 1 advantage and 1 disadvantage for each form of ownership. Supply and Demand Define Supply. Define Demand. How do they interact to determine the market price of a product or service? Needs and Wants…Please help me with this economics maths
- 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…The graph below is Mendork's production possibility curve for the only two goods that it produces-quirks and quarks. Quantity of Quarks 800 700 600 500 400 300 200 100 A 2 4 6 8 10 12 14 16 18 20 Quantity of Quirks Select one: Refer to the graph above to answer this question. If new technology increased the output of quirks by 50%, how many quirks could be produced if 700 quarks were produced? B A. 9 quirks. B. 18 quirks. C. 10 quirks. D. 20 quirks. E. No quirks.Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or normative statement?
- What assumptions about the economy must he true for the invisible hand to work? To what extent are those assumptions valid in line real world?Why do economists use the ceteris paribus assumption?Would a research study on the effects of soft drink consumption on childrens cognitive development he a positive or normative statement?