Page 2 : d) Identify and explain two possible reasons why some ministers want to privatize some businesses in the public sector. [6 marks]

Reason 1:
Explanation :
Reason 2:
Explanation :

e) Do you agree with the Government minister's view that: 'The public sector always produces goods and services more efficiently than privately owned businesses"? Justify your answer. . [6 marks]

Suppose that a paving company produces paved parking spaces (q) using a fixed quantity of land (t) and variable quantities of cement (c) and labor (l). the firm is currently paving 1,000 parking spaces. the firm's cost of cement is $3 comma 600.003,600.00 per acre covered (c) and its cost of labor is $35.0035.00/hour (w). for the quantities of c and l that the firm has chosen, mp subscript upper c baseline equals 60mpc=60 and mp subscript upper l baseline equals 7mpl=7. is this firm minimizing its cost of producing parking spaces?