this is not the assagnment that i wanted this is the second time i am recieving the wrong information it costs me
Seller
Follow
oscardiura
Reviews received
Content preview
ECS1501-24-Y Assessments Assessment 10
QUIZ
Time left 0:23:35 OSCAR THE TUTOR
oscardiura@gmail.com
Question 1 +27737560989
Answer saved for FAC MAC ECS DSC TAX QMI FIN
Marked out of 1.00 INV BNU STA tutorials
I confirm
that this assessment will be my own individual work;
that I will not communicate with anyone else in any way during the completion
of this assessment;
that I will not cheat in any way in completing and submitting this assessment.
I confirm.
I do not confirm.
Clear my choice
Question 2
Answer saved
Marked out of 1.00
The short-run supply curve for a perfectly competitive firm is its
marginal revenue curve to the right of its marginal cost curve.
demand curve above its marginal revenue curve.
marginal cost curve above its average variable cost curve.
average total cost curve below its marginal cost curve.
Clear my choice
, ECS1501-24-Y Assessments Assessment 10
QUIZ
Time left 0:23:01
Question 3
Answer saved
Marked out of 1.00
Lerato purchases a combination of eyeliner and lipstick such that MUeyeliner/
Peyeliner = 250 and MUlipstick/Plipstick = 300. To maximise utility, she should buy
_____ eyeliner and _____ lipstick.
more; less
less; less
more; more
less; more
Clear my choice
Question 4
Answer saved
Marked out of 1.00
This question is based on the following table showing Koleka’s consumption
of chocolate ice cream.
Number 0 1 2 3 4 5 6 7
of
servings
Total 0 10 25 35 60 60 35 25
utility
What is the marginal utility Koleka derives from the fifth serving she eats?
Answer: 0
, ECS1501-24-Y Assessments Assessment 10
QUIZ
Face not found. Try changing your camera to a better lighting. Thanks. ×
Time left 0:20:43
Question 5
Answer saved
Marked out of 1.00
This question is based on the following table.
Utility from comic book consumption Utility from coffee consumption
Quantity of comic Marginal utility Quantity of coffee Marginal utility
books from comic books from coffee
0 0 0 0
1 8 1 7
2 7 2 6
3 6 3 5
4 5 4 4
5 4 5 3
Your eccentric Economics professor has a daily budget of R44, and he spends
it entirely on coffee and comic books. Each comic book is priced at R8 and
each cup of coffee is priced at R4. To maximise his utility, he should buy
5 cups of coffee and 3 comic books.
, Question 6
Answer saved
Marked out of 1.00
This question is based on the following table.
Units of Good X Marginal utility of Units of Good Y Marginal utility of
Good X Good Y
1 20 1 12
2 16 2 10
3 12 3 8
4 8 4 6
5 4 5 4
6 0 6 2
Assume that Good X cost R2 per unit and Good Y costs R1 per unit and you
have R4 to spend on both goods. To maximise utility, you would consume
1 units of X and 2 units of Y.
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 oscardiura. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.09. You're not tied to anything after your purchase.
