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1.Zonakha Limited specialises in the production of a range of healthy products. It is about to launch a new product, the 'Healthy Energy Bar, a unique green bar which is capable of providing unprecedented levels of energy from the seaweed used. The company's development costs have been high and it is expected that the product will only have a five-year life cycle. Zonakha Limited is now trying to ascertain the best pricing policy that they should adopt for the Energy Bar's launch onto the market. Demand is very responsive to price changes and research has established that, for every R5,60 increase in price, demand would be expected to fall by 70,000 units. If the company set the price at R72,60, only 280,000 units per week would be demanded. The costs of producing each energy bar is R13,00 Required: (a) Determine the optimum price and quantity at which the company profits would be maximized. (6 marks) (b) Describe the limitations of using the model in (a) above. (2 marks) Formulae: Demand curve P = a-bo b = change in price change in quantity a = price when Q = 0 MR = a - 260
2. In an essay no less than 300 words compare and contrast the labor market during the Great Recession of 2008 - 2009 with the present Covid-19 period. In your discussion include differences in monthly unemployment rates and number of people filing for unemployment. You will need to get unemployment data outside the text (Bureau of Labor Statistics is an example).
3.Consider times series data from a water monitoring station on a river. For each of 365 days it contains 4 variables (columns): an identifier variable for the day, an interval variable recording the concentration of lead, an interval variable recording the concentration of mercury, and a dummy variable recording whether that day was a business day or not. How many observations (rows) are in these data? (Record your answer as an integer.)
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2.During grwat resesssion of 2008-2009 the unemployed workers increased in many industries.and newly wmployed workers find it difficult to find new jobs. this all happen because a rash of a business failureoccur .it result negative economic shocks, negative shift in consumer more and more businessess fail altogether and layoff thwir works.the unemploymwnt workers face difficulty in finding new jobs and the result is a surplus labor 9f many kind that can persist for many month. during recession manufacturing construction finanance and real estate sector saw the greatest increase in unemplyment.
During the graet recession the unemployment rate was 10% In octobwr 2009. in april it closed to 14%.
800000 jobs were eliminated in 2009 and about 8.6 million jobs were lost.
during covid 19 20 million were eliminated last aloone, more than 33 million jobs have been lost.
3.There will be 365 rows for these data. For each day all the four variables (in four columns will be recorded).
