Exam (elaborations)
ECS1501 Assessment 10 Attempt review 2022
- Course
- ECS1501 - Economics IA
- Institution
- University Of South Africa
ECS1501 Assessment 10 Attempt review 2022
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lOMoARcPSD|15424936ECS1501 Assessment 10
Attempt review 2022
, lOMoARcPSD|15424936
Dashboard Calendar
Dashboard / Courses / UNISA / 2022 / Semester 1 / ECS1501-22-S1 / Assessments / Assessment 10
Started on Monday, 16 May 2022, 12:09 PM
State Finished
Completed on Monday, 16 May 2022, 12:34 PM
Time taken 25 mins 28 secs
Marks 11.50/25.00
Grade 46.00 out of 100.00
Question 1
Complete
In economics, "the long-run" is referred to as
Mark 0.00 out of
1.00
a period in which the amounts of all factors of production can be changed.
a period in which the amounts of labour are fixed.
a period in which the amounts of all factors of production are fixed.
a period in which the amounts of capital are variable.
1/15
, lOMoARcPSD|15424936
2
QuestionDashboard Calendar
Complete
Dashboard / CoursesThe law of /diminishing
/ UNISA marginal1returns
2022 / Semester refers to the/ situation
/ ECS1501-22-S1 in which
Assessments _______ eventually
/ Assessment 10 declines as more of the variable
Mark 1.00 out of
input is employed, given a certain amount of the fixed input.
1.00
marginal product
average revenue
average cost
marginal cost
Question 3
Complete
Patricia de Leeuw works as a bank clerk at a salary of R60 000 per year. She resigns her job to start her own financial
Mark 1.00 out of
consultancy. The salary she earned as a bank clerk forms part of her economic cost of running the consultancy.
1.00
True
False
2/15
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