Exam (elaborations)
DSC1520 ASSESSMENT 1 semester 1 2024 Quantitative Modelling I - DSC1520
- Course
- Institution
DSC1520 ASSESSMENT 1 semester 1 2024 Quantitative Modelling I - DSC1520
[Show more]
Seller
Follow
passmatetutorials
Reviews received
Content preview
2/27/24, 6:42 PM Assessment 1DSC1520-24-S1 Welcome Message Assessment 1
QUIZ
Question 1
Not yet answered
Marked out of 6.00
Suppose the cost of manufacturing 10 units of a product is R40 and the cost of manufacturing 20 units is R70. If the cost
C is linearly related to output Q (units produced), the cost of producing 35 items is
a. R115, 00
b. R71, 67
c. R113, 33
d. R15, 00
Clear my choice
Question 2
Not yet answered
Marked out of 6.00
The demand and cost functions of a commodity are given by the equations
Demandf unction : Q = 6 000 − 30P
and
C ostf unction : C (Q) = 5 000 + 2Q,
where P and Q are the price and quantity, respectively. The total revenue function (T R) in terms of P is
a. T R = 6000 − 30P
2
b. T R = 6000 − 30P
c. T R = P (6000 − 30P )
d. T R = 6000 + 30P
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=15001737&cmid=842662 1/6
, 2/27/24, 6:42 PM Assessment 1
Question 3
Not yet answered
Marked out of 6.00
The demand and cost functions of a commodity are given by the equations
Demandf unction : Q = 6000 − 30P
and
C ostf unction : C (Q) = 5 000 + 2Q,
where P and Q are the price and quantity, respectively. What is the company’s profit function?
a. P rof it = −30P
2
+ 6 060P − 17 000
b. P rof it = −30P
2
+ 6 060P − 7 000
c. P rof it = −30P
2
+ 5 940P + 7 000
d. P rof it = −30P
2
+ 5 940P − 17 000
Clear my choice
Question 4
Not yet answered
Marked out of 6.00
Use rules of logarithms to solve the equation
2
3ln(2x ) − 5lnx = 7.
a. 137.
b. 56.
c. 182, 67.
d. 0, 007.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=15001737&cmid=842662 2/6
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 passmatetutorials. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.85. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
64438 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now