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ECS2601 ASSIGNMENT 4 SEMESTER 2 2024
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ECS2601 ASSIGNMENT 4 SEMESTER 2 2024
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10/8/24, 5:24 AM Assessment 4 (page 1 of 8)ECS2601-24-S2 Welcome Message Assessment 4
QUIZ
Question 1
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Marginal revenue, shown graphically, is the …
a. slope of a line from the origin to a point on the total revenue curve.
b. slope of a line from the origin to the end of the total revenue curve.
c. vertical intercept of a line tangent to the total revenue curve at a given
point.
d. slope of the total revenue curve at a given point.
Clear my choice
Question 2
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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. R3 200
b. R2 400
c. R4 000
d. R800
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=23012282&cmid=990760 1/1
,10/8/24, 5:23 AM Assessment 4 (page 2 of 8)
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=23012282&cmid=990760&page=1#question-23254144-3 1/3
,10/8/24, 5:23 AM Assessment 4 (page 2 of 8)
ECS2601-24-S2 Welcome Message Assessment 4
QUIZ
Question 3
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Thabang is willing to pay R20 for essay editing, and Tshego is willing to edit
essays for R10. The perfect competitive market price for editting is R14.
Calcuate total surplus.
a. R9
b. R10
c. R5
d. R11
Clear my choice
Question 4
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Suppose a profit-maximising perfect competitor’s daily output level to make a
profit is 100 units per day. Which of the following statements is FALSE?
a. The perfect competitor’s average fixed cost (AFC) for each unit of
output will equal the gap between its SAC and average variable cost
(AVC) curves at an output of 100 a day.
b. The perfect competitor’s total cost (TC) will equal its AVC at an output
of 100 a day multiplied by 100.
c. The perfect competitor’s total revenue (TR) will equal its AR at an
output of 100 a day multiplied by 100.
d. The perfect competitor’s profit per unit of output will equal the gap
between its average revenue (AR) curve and its short-run average cost
(SAC) curve at an output of 100 a day.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=23012282&cmid=990760&page=1#question-23254144-3 2/3
, 10/8/24, 5:23 AM Assessment 4 (page 2 of 8)
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=23012282&cmid=990760&page=1#question-23254144-3 3/3
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