Exam (elaborations)

ECS2601 ASSIGNMENT 6 SEMESTER 2 2024 (+A SOLUTIONS) Michael decides that he would pay as much as R3 200 for a new laptop computer. He buys the computer and realises consumer surplus of R800. How much did Michael pay for his computer? a. R2 400 b. R4 000 c

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Course
Intermediate Microeconomics (ECS2601)

Institution
University Of South Africa (Unisa)

ECS2601 ASSIGNMENT 6 SEMESTER 2 2024 Michael decides that he would pay as much as R3 200 for a new laptop computer. He buys the computer and realises consumer surplus of R800. How much did Michael pay for his computer? a. R2 400 b. R4 000 c. R800 d. R3 200

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Uploaded on November 11, 2024
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Type Exam (elaborations)
Contains Questions & answers

intermediate microeconomics ecs2601

Institution
University of South Africa (Unisa)
Course
Intermediate Microeconomics (ECS2601)

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Education is the most powerful weapon which you can use to change the world

,11/9/24, 11:48 AM Assessment 6 (page 1 of 15)

UNISA  2024  ECS2601-24-S2  Welcome Message  Assessment 6

QUIZ

Time left 0:34:40

Question 1
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Michael decides that he would pay as much as R3 200 for a new laptop
computer. He buys the computer and realises consumer surplus of R800. How
much did Michael pay for his computer?

a. R2 400

b. R4 000

c. R800

d. R3 200

Clear my choice

Question 2
Answer saved

Marked out of 2.00

When a firm practices perfect, first-degree price discrimination, then the profit
maximising output is where MC curve intersect the demand curve.

Select one:
True

False

https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=23562727&cmid=990762 1/1

, 11/9/24, 11:48 AM Assessment 6 (page 2 of 15)

UNISA  2024  ECS2601-24-S2  Welcome Message  Assessment 6

QUIZ

Time left 0:34:47

Question 3
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Marginal revenue, shown graphically, is the …

a. vertical intercept of a line tangent to the total revenue curve at a given
point.

b. slope of the total revenue curve at a given point.

c. slope of a line from the origin to a point on the total revenue curve.

d. slope of a line from the origin to the end of the total revenue curve.

Clear my choice

Question 4
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Average revenue per quanity, is also equal to price times quantity.

Select one:
True

False

https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=23562727&cmid=990762&page=1 1/1

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Exam (elaborations)

ECS2601 ASSIGNMENT 6 SEMESTER 2 2024 (+A SOLUTIONS) Michael decides that he would pay as much as R3 200 for a new laptop computer. He buys the computer and realises consumer surplus of R800. How much did Michael pay for his computer? a. R2 400 b. R4 000 c

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