The consumer - Study guides, Study notes & Summaries

Well-structured PVL3702 Assignment 1 (ANSWERS) Semester 1 2025 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..... QUESTION: Jack wants to sell his Yamaha speedboat. He approaches Jill, who sells speedboats for a living, and asks her if she is interested in buying his Yamaha speedboat. Jill signs a written offer and submits it to Jack for the Yamaha speedboat for R200 000, in a document titled “Contract of Sale.” PVL3701 The offer sets out all the relev...

MNG2602 Assignment 1 Semester 1 | Due 6 April 2025. All questions answered. Question 1 (7 marks) Go to the report presented on pages 56–58 of the IAR and answer the following questions: 1.1 Identify the level of the manager who wrote this report. (1 mark) 1.2 What are the two primary responsibilities (managerial functions) of this manager (theoretically)? (2 marks) 1.3 Provide one quotation from page 57 for each of the two responsibilities named in your answer to question 1.2. (2 marks) ...

TRL3707 ASSESSMENT 0 SEMESTER 1 2025 QUESTIONS 1.1 Discuss the customer service level strategy chicken farmers in SA should follow to ensure that consumers receive the right products, at the right time and at the right place. Justify your answer through examples from the case study. 6 marks for theory, 6 marks for application [ 12 marks] Based on the case study on chicken farming in South Africa, to ensure that consumers receive the right products at the right time and in the right place,...

ECS2601 ASSIGNMENT 6 SEMESTER 2 2024 Michael decides that he would pay as much as R3 200 for a new laptop computer. He buys the computer and realises consumer surplus of R800. How much did Michael pay for his computer? a. R2 400 b. R4 000 c. R800 d. R3 200

ECS1501 ASSESSMENT 9 SEMESTER 2 2024 In a perfectly competitive market, a) each participant is too small to affect the market price. b) government intervention is needed to ensure that prices are fair for consumers. c) the price can be driven upward by suppliers holding back on goods and services. d) there can be few or many buyers and sellers

Question 1: (15 marks) 1.1 In microeconomics we need to make certain assumptions about the preferences of consumers. Use real life examples to explain any two of these assumptions. Acccording to Learning Unit 3: Consumer behaviour In microeconomics, we make certain assumptions about consumer preferences to understand how people make choices. Two of these assumptions are completeness and more is better than less. 1. Completeness This assumption means that consumers can compare ...

ECS2601 ASSIGNMENT 1 SEMESTER 1 2025 1.1 In microeconomics we need to make certain assumptions about the preferences of consumers. Use real life examples to explain any two of these assumptions. (4) 1.2 Critically evaluate why the marginal rate of substitution between two goods must equal the ratio of the price of the goods, for the consumer to achieve maximum satisfaction. (3) 1.3 Comment on any two of the following topics related to elasticities: (a) Arc elasticity of dema...

Achieve a distinction with this comprehensive and well-organized set of ECS2601 Assignment 1 (ANSWERS) Semester 1 2025 - DISTINCTION GUARANTEED. Ensure accuracy and excellence in your submission!!!! Question 1: (15 marks) 1.1 In microeconomics we need to make certain assumptions about the preferences of consumers. Use real life examples to explain any two of these assumptions. (4) 1.2 Critically evaluate why the marginal rate of substitution between two goods must equal the ratio of the price ...

ECS2602 ASSESSMENT 2 SEMESTER 1 2025 Which one of the following statements is correct regarding the IS-LM model? Select one: A. The initial impact of a change in taxation is on the financial market since the interest rate will be affected. B. A change in government spending only influen ces the goods market and has no impact on the financial market. C. The initial impact of a change in the interest rate is on the financial market, after which it influences the goods market. D. ...

This document contains workings, explanations and solutions to the LPL4801 Assignment 1 (QUALITY ANSWERS) Semester 2 2024. For assistance whats-app us on 0.6.8..8.1.2..0.9.3.4... Question Forever You (Pty) Ltd is a well-known clothing store in South Africa. They offer store cards to customers who buy clothing on credit and are a registered credit provider in terms of the National Credit Act 34 of 2005. When customers buy clothing on credit, an interest rate of 20% per annum is charged on the ou...