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What is the ECON Blog all about?

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Potchefstroom, North West Province, South Africa
Hi, My name is Dr Alicia Fourie. I am a senior lecturer at the North West University Potchefstroom Campus. I lecture economics for first year students. This blog is my platform. I communicate through my blog to my students,therefore flipping the economic classroom. Students will find slides, video’s, links and posts here that will assist them in economics.

Thursday, August 1, 2013

Oefeninge

VRAAG 1
Veronderstel dat Jan het R500 per maand wat hy spandeer op boeke vir sy Kindle of om Apps vir sy iPad te koop. Beide die boeke en Apps kos R100 elk oor die internet.  Die volgende tabel stel sy nut voor. Voltooi die tabel en bepaal by watter verbruikskombinasie hy sy nut sal maksimeer.

QUESTION 1
Suppose that Jan has R500 per month to spend on Kindle books or iPad Apps. Both of these cost R100 each over the internet The following table indicates his utility Complete the table and determine at which consumption combination he will maximise his utility.


Kindle books
iPad Apps
Eenhede / Units
TU
Totale nut
MU
Grensnut
MU/P
TU
Totale nut
MU
Grensnut
MU/P
0
0



0

1
10



14

2
18



10

3
24



8

4
28



6



VRAAG 2

QUESTION 2

Die volgende tabel verteenwoordig die totale nut van Hotdogs en Amstel Lager wat deur Liezl verbruik word. Teken die tabel oor in jou antwoordskrif, voltooi en toon alle berekeninge. Lei Liezl se verbruikersewewigsposisie (hoeveelheid van  elke produk en bedrag daarop spandeer) vir die twee goedere af waar die prys van Hotdogs R10 per eenheid en die prys van Amstel lager R5 per eenheid is. Liezl se beskikbare inkome is R50.
The following table represents the total utility for Hotdogs and Amstel Lager consumed by Liezl. Redraw the table in your answer sheet, complete and show all calculations. Derive Liezl’s consumer equilibrium position (quantity of and expenditure on each product) for the two goods where the price of Hotdogs is R10 per unit and the price of Amstel lager is R5 per unit.   Liezl’s available income is R50.

Hotdogs @ R10
Amstel Lager @ R5
Q
TU
MU
MU
PH
TU
MU
MU
PA
0
0


0


1
750

550

2
790


25
3
30


20
4
830

610

5
4
622

6
824
612



VRAAG 3

Beantwoord die volgende vraag:

Die prys van biltong het toegeneem vanaf R150 na R160 per kilogram.  As gevolg van die styging in prys het die hoeveelheid biltong gevra vanaf 1260 kilogram na 1207 kilogram per dag gedaal.

QUESTION 3

Answer the following question:

The price of biltong increased from R150 to R160 per kilogram.  Due to the increase in price quantity demanded for biltong decreases from 1260 kilogram to 1207 kilogram per day.


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