1.1.5 The total revenue of a business is equal to its …. (2)

1.1.6 A restaurant has a total cost of R50 000 if it serves 100 customers per week. At this level of output the variable cost is R23 500. What is the fixed cost? (2)

QUESTION 2 40 Marks 2.1.1 Name TWO types of imperfect markets. (2) 2.1.2 Explain what goes on behind the demand curve. (2)     2.2 Study the graph and answer the questions that follow: RIGHT CLICK ON THE BUTTON TO OPEN THE GRAPH IN A NEW TAB:     2.2.1 Give the definition of demand. (2) 2.2.2 List FOUR factors that might have caused demand to shift. (4) 2.2.3 Before the shift in demand, what would the surplus have been at a price of R13? Show ALL calculations. (2) 2.2.4 What can producers do if there is a surplus in the market? (2)     2.3 Study the graph and answer the questions that follow: RIGHT CLICK ON THE BUTTON TO OPEN THE GRAPH IN A NEW TAB:     2.3.1 Explain what is reflected by point A in the graph. (2) 2.3.2 Explain what is reflected by point D in the graph. (2) 2.3.3 Discuss TWO internal factors that affect productivity. (4) 2.3.4 How do we determine allocative efficiency? (2)     2.4 Discuss the factors that determine value. (8) 2.5 Discuss the effects of market failure comprehensively. (8)    

1.1.2 To say that markets are guided by an “invisible hand” means that …. (2)

Use the table to answer the following question. Organism Appearance Habitat/Activity Nutrient Acquisition Reproduction A Microscopic, unicellular, with a flagellum Swims around in freshwater pools Envelops and consumes other microscopic organisms Mates with others; young bud off B Shaped like a basketball, covered with purple filaments, multicellular Rolls slowly across grassy fields Thrives with access to only freshwater and sunlight Mates with others; young emerge from hardened spherical structures C Hard and branched, multicellular, covered in a sticky coating Attached to rocky surfaces Traps insects in sticky coating and dissolves them No mating; releases winged young that fly off and affix to bare rocks D Multicellular with cell walls Flies across fields Constructs nets to trap flying organisms, and sucks out internal fluids Mates with others, and disperses young ballistically As you are on the way to Tahiti for a vacation, your plane crash lands on a previously undiscovered island. You soon find that the island is teeming with unfamiliar organisms, and you, as a student of biology, decide to survey them (with the aid of the Insta-Lab Portable Laboratory you brought along in your suitcase). You select four organisms and observe them in detail, making the notations found in the figure.In which of the organisms listed would you search for collagen?

1.3.4 When productive efficiency and allocative efficiency coincide. (1)

You are building a new working desk for yourself. Click on the button below to open a photo of the table.   This photo will open in a new internet tab. DO NOT close your examination tab. Carefully click between the different tabs to access the different information needed: Requirements for your new desk is: It must be low cost. It should be made from material that is durable. You must be able to move it around. Read the following questions to determine if you can complete your task.

1.3 A fish is an example of an invertebrate. (1)

1.1.3 Which one of the following is necessarily true when a perfectly competitive business is in equilibrium in the short-run? (2)

Which structure is incorrectly paired with its tissue system?