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see the integration process affecting the mismatch between the demand and supply of
labour within the country?
recommendations on how the South African government can best manage the push towards
the fourth industrial revolution, so as to improve the employment of labour in the economy
whilst subsequently providing a more inclusive and equitable economic structure?
Justin has the utility function U = xy, with the marginal utilities MUx = y and MUy = x. The price of x is $2, the price of y is py, and his income is 40. When he maximizes utility subject to his budget constraint, he purchases 5 units of y.
(a) What must be the price of y and the amount of x consumed? (1 marks).
(b) Prove that this allocation follows the equi-marginal principle (2 marks).
(c) What would be the new bundles of x, y if Px was $3 (2 marks).
1. Given the utility function of the form: U (x, y) = 4x2 + 3xy + 6y2: maximize utility subject to the budget constraint: x + y = 56. Then find the utility maximizing level of output x and y?
why would someone who enjoys their job greatly rarely take a vacation
Qd = 100-20P
Qs = 10 + 40P
a) Fill up the following:
Price Qd Qs
.50 _____ _____
1.00 _____ _____
1.50 _____ _____
2.00 _____ _____
2.50 _____ _____
b)Use the information in the table to find the equilibrium price and quantity
c) Graph the demand supply curves and identify the equilibrium price and quantity
a) Graph the supply and demand schedules for pizza using P5 through P15 as the value of P.
b) In equilibrium, how many pizzas would be sold and at what price?
c) What would happen if suppliers set the price for pizza at 15? Explain the market adjustment process.
d) Suppose the price of hamburgers a substitute for pizza doubles. This leads to a doubling of the demand for pizza (at each price consumers demand twice as much pizza as before). Write the equation for the market demand for pizza.
e) Find the new equilibrium price and quantity of pizza
Harare- the Zimbabwean police warned last monday unscrupulous traders selling commodities at above the government stipulated prices that they risked being arrested if caught doing unlawful act.the warning comes in the wake of unjustified price increase of mealie meal in the past two weeks by millers without the approval of the government. how does this affect the price mechanism?use a supply and demand diagram to explain
apart from the mismatches of supply and demand in the labor market what other factors are largely contributing to inequality levels within the country
How does globalization affect the demand for high and low skilled workers across the globe
#339914 on Dec 2023