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DSC1520 Assignment 1 Semester 1 2022 Online
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Assignment 1 for Semester 1 ONLINE QUIZ Randomized question all 15 Questions are there.
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Dsc1520Semester1 2022
Assignment 1
Online (15 Randomized
questions)
, A company that manufactures radios has determined that retailers are likely to
purchase xx radios at a price of
(x)=10−x1000,(x)=10−x1000,
rand per unit. If the company's fixed costs are R5 000 and their variable cost is R2
per unit, determine the company's profit function.
1.
π(x)=10−x1000π(x)=10−x1000
2.
π(x)=10−x1000−5000+2xπ(x)=10−x1000−5000+2x
3.
π(x)=−x21000+8x−5000π(x)=−x21000+8x−5000
4.
π(x)=10000−x
Consider the following graph showing the demand and supply functions:
Which line represents the demand function and which represents the supply
function?
1.
Line BD represents the supply function and there is no demand line.
2.
Both lines (1) and (2) represent supply functions and there is no demand line.
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