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Home Question Bank Economics Archive 2025 January 21

Economics Questions from Jan 21,2025

Browse the Economics Q&A Archive for Jan 21,2025, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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The value of the next best alternative given up ive the economic term/concept for each of the following description. Write only the The study of how people behave in meeting their unlimited needs and wants faced with limite resources ACTIVITY 1 (CONCEPTS) 1.1 Give the economic term/concept for each of the following description. Write only the term/concept next to the question number in the answer book. 1.1 The study of how people behave in meeting their unlimited needs and wants faced with limit resources. 1.2 The value of the next best alternative given up. .3 A condition where the where we cannot use the resources for one purpose while we use it fo another. 4 Using resources in a way that does not maximize satisfaction. Allocation of resources fairly across all citizens. ACTIVITY 3 INDIGENOUS BOOK-KEEPING Granny Sithole bakes rusks from her home and sell them to the local community. The name of her business is Yummy Rusks. She does not have a bank account and she keeps all cash in a petty cash box. She has a book where she records all receipts and payments and all the source documents are kept in a file. Granny Sithole's granddaughter who completed a degree in Commerce in December 2018 received a scholarship to study further overseas, before she left she showed Granny how to record transactions in a receipts and payments book but not to calculate the profit. The demand for rusks is growing and Granny has been approached by the potential (possible) partner Lerato Moeketsi who wants to contribute capital and labour towards the business. Granny Sithole requested you to assist her in preparing the records for January, she wants to present the information to Lerato Moeketsi. Cash on hand on 1 January 2020 amounted to R2 480. REQUIRED Use the given information to complete the following in the books Yummy Rusks for January 2020: 1.1 Granny Sithole bought baking ingredients for R1 200, the baked rusks were sold for for R1 (4) 800. Calculate the profit mark-up. 1.2 Record the transactions for January 2020 in the Receipts and Payments Book. Balance the book on 31 January 2020. (16) TRANSACTIONS FOR JANUARY 2020: 02 Granny Sithole has a prepaid box for electricity, she paid R850 to upload electricity. 05 Bought airtime from Shidi Stores for R180. 08 Bought ingredients from SM Wholesalers for R4 800 less \( 10 \% \) trade discount and paid cash. 10 Sold rusks to the community and received R5 600 cash. 13 Paid R480 to Pronto Newspaper for placing an advertisement for four weeks. 17 On the \( 17^{\text {th }} \) Granny Sithole was approached by pastor at church and she was told that on 24 January 2020 the church was going to have a function and the motivational speaker (Mark Molefe) would visit the church. Granny was requested to provide rusks at an increased profit mark-up of \( 75 \% \). The church did not pay any deposit. 18 Granny bought ingredients for the function from SM Wholesalers for R10 400. SM Wholesalers charged Granny only \( 85 \% \) of the amount for ingredients. Based on the \( 30 \% \) income scenario 3.1 If a household's gross monthly income is R30 000, what is the value of the br they qualify for repayable over: 3.1 .120 years? 3.1 .2 30 years? 3.2 Repeat question 3.1 for a monthly gross income of R55 000 3.3 How much would the monthly 4.1 If you were paying off a bond of R300 000, what would your total savings until the end of October? 4.2 By what percentage has the bond rate decreased from January to October 4.3 If you carry on paying R4 095 (the minimum monthly payment for a bond of \( 15.65 \% \) ) when the bond rate is lower, you will settle your bond sooner. I or false? 4.4 How much would you prefer paying per month: R 4095 or R3 025 ? Or who other amount? Motivate your answer. 4.5 Describe what message the following table conveys: 4. ให้นักศึกษาอธิบายการประยุกต์ใช้หลักปรัชญาของเศรษฐกิจพอเพียงในกลุ่มนักการเมือง กลุ่มเจ้าหน้าที่ ของรัฐ กลุ่มครูและอาจารย์ว่าควรมีลักษณะอย่างไร (15 คะแนน) ชื่อ \( \qquad \) นามสกุล \( \qquad \) 2. นักศึกษาสามารถนำหลักปรัชญาของเศรษฐกิจพอเพียงไปใช้ในการดำรงชีวิดด้านใดบ้าง ยกตัวอย่าง 5 ด้าน (15 คะแนน) ข้อสอบวัดผลสัมฤทธิ่ระหว่างเรียน ภาคเรียนที่ \( 2 / 2567 \) รหัสรายวิชา ทช 31001 ชื่อ \( \qquad \) นามสกุล shรากต่จง (ให้เขียนชี่อ - นามสลุล จ 1. ให้นักศึกษาอธิบายมิติด้านจิตใจ มิติด้านสังคม มิติด้านวัฒนธรรมของปรัชญาของเศรษฐกิจพอเพียง พอสังเขป ( 15 คะแนน) 2. จงอธิบายลักษณะสำคัญของระบบเศรษฐูกจแบบทุนนิยม พร้อมบอกข้อดี และข้อเสีย ของระบบเศรฐกิจ แบบทุนนิยม (15 คะแนน)
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