Lower prices increase the marginal utility per dollar spent and cause consumers to buy more of a good. On the other hand, higher prices lower the marginal utility per dollar spent and cause consumers to buy less of a good. This is a way of restating ________ in terms of marginal utility.

The field of economics that studies the decisions of individuals and firms is called

Section B QUESTION 1 You have been asked to create a database for the Year 07 students doing soccer at a school in Gauteng, using MS Access. There are 20 students who have registered to play soccer this season.The database must contain the following information: Students name and surname Their age, cell number and email address  Their position on the field eg full back or right wing Their favourite soccer player Their favourite team   1.1   How many fields will the table require? (1)

The government offers numerous educational subsidies through grants and low-cost equipment to schools. They also provide a lot of incentives to go to school. Because of this, we expect that the equilibrium price of education will ________ and the equilibrium quantity of students will ________.

Refer to the following image. When a market is in equilibrium, which of the following is true?Click to view larger image.

Which of the following is NOT a characteristic of a market economy?

What are the chemical differences between metals and nonmetals?

Use differentiation to find a power series representation for

Which of the following statements refers to a macroeconomic issue?

Refer to the graph below. The supply curve is upward sloping becauseClick to view larger image.