QUESTION 22 Which of the following is true? a. Positive economic statements focus on policy issues while normative economics focuses on economic theory. b. Positive economics deals with how people react to changes in benefits, and normative economics deals with how people react to changes in costs. c. Positive economic statements involve value judgments while normative economics focuses on whether a policy will achieve its intended objectives. d. Positive economic statements are testable, but normative statements are not.

Sharapova Wholesalers offers Umhlanga Traders credit terms of 30 days but the wholesaler will allow a discount of \( 2 \% \) if the account is settled in full within 12 days Use the information given above to determine the cost to Umhlanga Traders (as a percentage) of

- Prepare for a Quarterly Sales Budget for Company LFM. The required production of LFM Corporation in the first quarter is 350,000 units. The units increased by 10\% per quarter. The selling price per unit is Php 8.00.

se a separate plece of A4 paper and do the following calculations (use a colculator to hatp ou): Calculate the final amount which I shall have available if I invest \( R 8000 \) for 5 years at \( 11 \% \) p.a. simple interest.

(b) A dealer purchased some goods marked at ₹ 2,000 at a discount of \( 20 \% \) and \( 5 \% \). He sells the same at a discount of \( 15 \% \) and \( 5 \% \). Find the amount of gain or loss to him.

The value of an investment is modeled by the equation \( A = P e^{rt} \), where \( P \) is the principal amount, \( r \) is the annual interest rate, and \( t \) is the time in years. Given that \( P = 1000 \), \( r = 0.05 \), and \( t = 10 \), find the total amount \( A \).