1.1 Discuss the relationship between the three short-run total cost curves. Use a diagram to motivate...

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1.1 Discuss the relationship between the three short-run total cost curves. Use a diagram to motivate your answer. 1.2 Explain the three categories of returns to scale relating to the long-run average cost curve. QUESTION Two 2.1 Illustrate and examine how the individual supply of labor curve demonstrates the way an individual divides his/her time between work and leisure. 2.2 Distinguish between income elasticity of demand and cross price elasticity of demand. Include in your answer a provision of their formula. QUESTION THREE Explain the three possible profit maximizing positions of perfectly competitive firms in the short-run. 3.1 3.2 Describe the nature of the goods produced by a monopolistically competitive firm. QUESTION FOUR 4.1 Distinguish between the short-run aggregate supply curve and the long-run aggregate supply curve. 4.2 Discuss one (1) reason for the downward sloping aggregate demand curve. 10.2.3 ACCOUNTING 1: ASSIGNMENT 2 QUESTION ONE 1.1 Four alternatives are presented for each of the following questions. Choose the correct alternative for each of the questions/statements. The letter corresponding to your choice must be recorded next to the question number in your solution. 1.1.1 Which of the following is not an example of an intangible asset? A) Goodwill. B) Computer software. C) Patents and trade marks 1.1 Discuss the relationship between the three short-run total cost curves. Use a diagram to motivate your answer. 1.2 Explain the three categories of returns to scale relating to the long-run average cost curve. QUESTION Two 2.1 Illustrate and examine how the individual supply of labor curve demonstrates the way an individual divides his/her time between work and leisure. 2.2 Distinguish between income elasticity of demand and cross price elasticity of demand. Include in your answer a provision of their formula. QUESTION THREE Explain the three possible profit maximizing positions of perfectly competitive firms in the short-run. 3.1 3.2 Describe the nature of the goods produced by a monopolistically competitive firm. QUESTION FOUR 4.1 Distinguish between the short-run aggregate supply curve and the long-run aggregate supply curve. 4.2 Discuss one (1) reason for the downward sloping aggregate demand curve. 10.2.3 ACCOUNTING 1: ASSIGNMENT 2 QUESTION ONE 1.1 Four alternatives are presented for each of the following questions. Choose the correct alternative for each of the questions/statements. The letter corresponding to your choice must be recorded next to the question number in your solution. 1.1.1 Which of the following is not an example of an intangible asset? A) Goodwill. B) Computer software. C) Patents and trade marks

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Answer 11 Companies can both decarbonize and boost longterm growth But it means pushing beyond abatement curves focus on cost and instead empowering peoplewhile making a few big strategic bets In a TC... View the full answer