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Average cost. In economics, average cost (AC) or unit cost is equal to total cost (TC) divided by the number of units of a good produced (the output Q): Average cost is an important factor in determining how businesses will choose to price their products.
South Africa occupies the southern tip of Africa, its coastline stretching more than 2,850 kilometres (1,770 miles) from the desert border with Namibia on the Atlantic (western) coast southwards around the tip of Africa and then northeast to the border with Mozambique on the Indian (eastern) coast. The low-lying coastal zone is narrow for much ...
Average cost method is a method of accounting which assumes that the cost of inventory is based on the average cost of the goods available for sale during the period. [1] The average cost is computed by dividing the total cost of goods available for sale by the total units available for sale. This gives a weighted-average unit cost that is ...
South Africa (average) 0.713: 4 Free State: 0.712 5 KwaZulu-Natal: 0.710 6 Northern Cape: 0.701 Medium human development 7 Mpumalanga: 0.678 8 North West: 0.676 9 ...
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The economy of South Africa is a mixed economy, emerging market, and upper-middle-income economy, one of only eight such countries in Africa. [26][27][28] The economy is the most industrialised, technologically advanced, and diversified in Africa. [29] Following 1996, at the end of over twelve years of international sanctions, South Africa's ...
In 2018, South Africa produced 19.3 million tonnes of sugarcane (14th largest producer in the world), 12.5 million tonnes of maize (12th largest producer in the world) 1.9 million tons of grape (11th largest producer in the world), 1.7 million tons of orange (11th largest producer in the world) and 397 thousand tons of pear (7th largest producer in the world).
Since 1994, South Africa has been divided into nine provinces: the Eastern Cape, the Free State, Gauteng, KwaZulu-Natal, Limpopo, Mpumalanga, North West, the Northern Cape and the Western Cape. The boundaries of the provinces, which are specified in the national constitution , have been altered twice by constitutional amendment.