Exam (elaborations)
DSC1520 ASSIGNMENT 05 SOLUTION SEMESTER 2 2024
- Course
- Institution
THIS DOCUMENT CONTAINS SOLUTIONS TO ASSIGNMENT 5 SEMESTER 2. YOU ARE GUARANTEED OF 92% IF YOU USE THESE SOLUTIONS
[Show more]
1 review
By: sikhululehighschool • 2 months ago
Seller
Follow
lemueltanak
Reviews received
Content preview
Question 1 Suppose the cost of manufacturing 10 units of a product is R40 and the cost oNot yet is R70. If the cost C is linearly related to output Q (units produced), the cost o
answered
Marked out of
a. R121, 67
4.00
b. R65, 00
c. R113, 33
d. R115, 00
Question 2 The demand and cost functions for a commodity are given by the equations,
Not yet
answered
Demand function: Q = 6 000 − 30P and Cost function: C(Q) = 5 000 + 2
the price and quantity respectively. The total revenue function (T R), in terms o
Marked out of
4.00
a. T R = 6 000P − 30P 2
b. T R = 6 000 − 30P
c. T R = P (6 000 − 30P
d. T R = 6 000 − 30P
Question 3
The demand and cost functions for a commodity are given by the equations,
Not yet
answered Demand function: Q = 6 000 − 30P and Cost function: C(Q) = 5 000 + 2
Marked out of the price and quantity respectively. What is the company’s pro�t function?
4.00
a. Pro�t = −30P 2 + 6 060P − 7 000
b. Pro�t = −30P 2 + 6 060P − 17 000
c. Pro�t = −30P 2 + 5 940P − 17 000
d. Pro�t = −30P 2 + 5 940P + 7 000
Question 4 If the demand function is
Not yet
answered P = 50 − 2, 5Q,
Marked out of
4.00
where P and Q are the price and quantity respectively, determine the point pric
P = 10. . Is demand elastic or inelastic at this price?
, Question 6 Employees at a certain company prefer buying hamburgers at their cafeteria. T
Not yet for 100 hamburgers when the price is R25. It is known that for each R1 increase
answered
decreases by one hamburger. Determine the demand function with quantity dem
Marked out of of price (P )
4.00
a. Q = 75 − P
b. Q = 125 − P
c. Q = −25 − P
d. Q = 100(P − 25)
Question 7 A retail store sells a product at a price of R3,10 per unit. If the total cost of prod
Not yet
answered C(x) = 300 + 0, 92x,
Marked out of
4.00
approximately how many units should be sold to break even?
a. 0, 01
b. 323
c. 138
d. 75
Question 8 Given
Not yet
answered y = x4 + 2x3 − 3x2 − 4x + 4.
Marked out of
4.00 Find the critical points.
1
a. x = −2, 2
and 1
b. x = 2, − 12 and −1
c. x = −2, − 12 and −1
d. x = −2, − 12 and 1
Question 9 The demand and supply functions of a product are given by
Not yet
answered Pd = Q2 + 2Q + 5
Marked out of
4.00
and
Ps = 29 − 3Q,
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller lemueltanak. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.24. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
53068 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now