They have higher minimum wages than federal laws.
South Africa will ensure that the rest of the African continent is advantaged by its BRICS membership and continues to benefit from the BRICS countries in the priority areas identified by the AU such as energy, information and communications technology, rail and road infrastructure, agriculture and food security.
Answer:
The correct answer is option C.
Explanation:
Productive efficiency means that resources are allocated in such a way that goods and services are produced at the minimum possible cost. Though it implies no wastage of resources, the distribution is not efficient.
This is because, in this situation, tickets will not be available to all. Those students who really want them may not be able to go and get them. This means that welfare may not be maximized.
When the production of goods and services is according to the preference of the consumer, it is called allocative efficiency.
In this problem he need 19.500 but only earns 325 a month. From this we take what is needed (19500) and divide it by what is earned (325). This will give you 60. So therefore it will take him 60 months to earn enough for one year at university.