Explain the long-term equilibrium of a firm under perfect competition. (4 x 2) (8)
Explain the goals of the South African competition policy.
(8)
Briefly discuss the number of businesses and the nature of the product as characteristics of
a perfect market structure.
(2 x 4) (8)
Explain, by means of a neatly labelled graph, the relationship between the shut-down point
and the supply curve (MC) of the individual business in the perfect market. (2 x 4) (8)
What are the objectives of the Competition Act, 1998 (Act 89 of 1998) in South Africa?
(4 x 2) (8)
With the aid of a graph, explain why marginal cost must be equal to marginal revenue for
profits to be maximised.
(8)
Draw a clearly labelled graph indicating the shut-down point for the perfect competitor.
Briefly explain why a business will stop producing goods at this point.
(10 marks)
(TOTAL: 126]​

11-32. the main character in the parable, the forgiving father, whose character remains constant throughout the story, is a picture of god. in telling the story, jesus identifies himself with god in his loving attitude to the lost. the younger son symbolizes the lost (the tax collectors and sinners of that day, luke 15: 1), and the elder brother represents the self-righteous (the pharisees and teachers of the law of that day, luke 15: 2). the major theme of this parable seems not to be so much the conversion of the sinner, as in the previous two parables of luke 15, but rather the restoration of a believer into fellowship with the father. in the first two parables, the owner went out to look for what was lost (luke 15: 1-10), whereas in this story the father waits and watches eagerly for his son's return. we see a progression through the three parables from the relationship of one in a hundred (luke 15: 1-7), to one in ten (luke 15: 8-10), to one in one (luke 15: 11-32), demonstrating god’s love for each individual and his personal attentiveness towards all humanity. we see in this story the graciousness of the father overshadowing the sinfulness of the son, as it is the memory of the father’s goodness that brings the prodigal son to repentance (romans 2: 4).

1. read the following excerpt from franklin d. roosevelt's "fireside chat 19":

on the other side of the picture, we must learn also to know that guerilla warfare against the germans in, let us say serbia or norway, us; that a successful russian offensive against the germans us; and that british successes on land or sea in any part of the world strengthen our hands.

remember always that germany and italy, regardless of any formal declaration of war, consider themselves at war with the united states at this moment just as much as they consider themselves at war with britain or russia. and germany puts all the other republics of the americas into the same category of enemies. the people of our sister republics of this hemisphere can be honored by that fact.  

the true goal we seek is far above and beyond the ugly field of battle. when we resort to force, as now we must, we are determined that this force shall be directed toward ultimate good as well as against immediate evil. we americans are not destroyers — we are builders.

analyze the effectiveness of this excerpt. how does it function within the speech as a whole? how does the structure of the excerpt to convey the speech's purpose and key points? support your argument with evidence from the speech. (10 points)

the answer is b, it brings the reader closer to the action.

it would've been a if the word had been determined, not conceited

hope this

-ironwolfx

answer: b

explanation: