Which of the following are typical manifestations of Right – sided Heart Failure. (Select all that apply)

A common function of stems, but not roots, is

1.3.1 The change in total revenue when an additional unit of a product is sold. (1)

1.3.4 The direct relationship between quantity supplied and price. (1)

Column A Column B 1.2.1 Inferior goods A IED is positive. 1.2.2 Variable cost B Used to determine the optimum output level. 1.2.3 MR = MC C IED is negative. 1.2.4 Normal goods D CED is positive. 1.2.5 AR E PED = 1. 1.2.6 Substitutes F The demand curve. 1.2.7 Marginal cost G Rises with an increase in production. 1.2.8 Complements H TR + Q.     I CED is negative.     J Intersects the minimum point of AC. (8)

1.1.1 The opportunity cost of a good is the same as its …. (2)

1.3.2 Measurement of consumers’ response to changes in income. (1)

    QUESTION 3 MARKETS     Introduction (2) Body Discuss the composition of markets as well as the functions of markets. (26) Distinguish between perfect markets and imperfect markets. (10) Conclusion (2)   OR       QUESTION 4 MARKET FAILURE     Introduction (2) Body Discuss the following methods of involvement, their reasons for being implemented and their effects.       > Price ceilings       > Price floors (26) Discuss the reasons for market failure. (10) Conclusion (2)

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)