Calculate the initial payment needed when booking an adventure holiday for 4 people if the holiday costs \( £ 2000 \) per person and the administration fee is \( £ 15 \). \[ p=a+\frac{n c}{10} \] \[ \begin{array}{l}p \text { is the initial payment ( } £ \text { ) } \\ a \text { is the administration fee ( } £ \text { ) } \\ n \text { is the number of people } \\ c \text { is the cost per person ( } £ \text { ) }\end{array} \]

QUESTION 13 Which of the following is least likely to be associated with market failure, and is consequently least likely to require any form of state regulation or intervention? a) Hake fishing off the west coast of South Africa. b) The provision of education services in govemment schools. c) The provision of education services in private schools. d) The market for fast foods.

1 Hoeveel moet Peter nou belê, teen 9,5\% p.j. kwartaalliks saamgestel, indien hy oor 6 jaar R40 000 wil hê?

QUESTION 21 Suppose the nominal exchange rate between the Japanese yen and the UK pound is 100 yen per pound. Further, suppose that a kilogram of rice costs \( £ 2 \) in the UK and 250 yen in Japan. What is the real exchang rate between Japan and the UK? a) 2.5 kilograms of Japanese rice per kilogram of UK rice. b) 0.5 kilograms of Japanese rice per kilogram of UK rice. c) 1.25 kilograms of Japanese rice per kilogram of UK rice. d) 0.8 kilograms of Japanese rice per kilogram of UK rice.

Problem 1. Operating Leverage Company \( X \) and Company \( Y \) both manufacture the same product. - Company \( X \) has fixed costs of Php 120,000 and variable costs of Php 8 per unit. The selling price per unit is Php 25 . - Company \( Y \) has fixed costs of Php 60,000 and variable costs of Php 15 per unit. The selling price per unit is Php 25 . Questions 1. If both companies sell 8,000 units, what is the operating income for each company? 2. If sales increase by \( 15 \% \), what will be the new operating income for each company?

Suppose the nominal exchange rate between the Japanese yen and the UK pound is 100 yen per pound. Futher, suppose that a kilogram of rice costs \( £ 2 \) in the UK and 250 yen in Japan. What is the real exchange rate between Japan and the UK? a) 2.5 kilograms of Japanese rice per kilogram of UK rice. b) 0.5 kilograms of Japanese rice per kilogram of UK rice. c) 1.25 kilograms of Japanese rice per kilogram of UK rice. d) 0.8 kilograms of Japanese rice per kilogram of UK rice.