Individual Assignment Calcs

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Number of cricket games a month 0 1 2 3 4 5 Let X = cricket game then Px For Combination 1X TU x MU x Px/MU x MU x /Px Demand Curve Px 25 20 15 10 5

Marginal Utility 0 50 40 30 20 10

Total Utility Px 0 50 90 120 140 150 25 20 15 10 5 Px/MU x 0.5 0.5 0.5 0.5 0.5 Px = 25 Max TU of one game

25 50 50 R 0.50 per marginal utility 2 utility per Rand


Price of Cricket Games (P)

Demand Curve fo
30 25 20 15 10 5 0 0 1

Qx 1 2 3 4 5

TU of one game

50

25 20 15 10 5

2 2 2 2 2

Demand Curve for Cricket Game Consumption

3
Number of Cricket Games (Q)

Net operating surplus Priviate Consumption expenditure Consumption expenditure by general Government Change in Inventories Provision of Depreciation Indirect taxes Exports of goods and non-factor services Imports of goods and non-factor services Gross Domestic Fixed Investment Subsidies Monetary value of unemployment R/S exchange rate Remuneration of employees

R 64,058 R 203,407 R 69,727 -R 2,797 R 50,127 R 38,082 R 78,070 R 65,285 R 52,060 R 6,628 R 11,799 R 22,726 R 181,429

GDP at Factor Cost C = I = G = X = M = GDP =

GDP at market price GDP(mp) = GDE

DP at Factor Cost R 203,407 R 52,060 -R 2,797 R 69,727 R 78,070 R 65,285 R 335,182

R 203,407 R 49,263

R 12,785 R 335,182

DP at market price R 366,636 R 322,397

Q 1 2 3 4 5 6 7 8

MU x 16 14 12 10 8 6 4 2

MU y 11 10 9 8 7 6 5 4

TU x 16 30 42 52 60 66 70 72

TU y 11 21 30 38 45 51 56 60

MU x/Px 8 7 6 5 4 3 2 1

MU y/Py 11 10 9 8 7 6 5 4

Px Py

Combinations X Y 0 1 2 3 4 5 6

12 10 8 6 4 2 0

Total Utility MU x/Px 0 16 90 93 90 81 66

MU y/Py 0 8 7 6 5 4 3 0 0 4 6 8 10 0

2 1

x 0 1 2

y 10 9.5

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