ECS2606 Latest exam pack questions and answers and summarized notes for exam preparation. Updated for October November 2023 exams . For assistance Whats-App.0.6.7..1.7.1..1.7.3.9 . All the best on your exams!!
First Examiner: Dr I. Maloma
Second Examiner: Ms. L. Nesongozhe
CONFIDENTIAL
This paper consists of 5 pages.
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, Page 2 of 5 ECS2606
CONFIDENTIAL May/Jun 2023
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
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, Page 3 of 5 ECS2606
CONFIDENTIAL May/Jun 2023
Section A (50 marks)
Answer ALL the Questions
Question 1
1. Positive economics is the study of _____________.
(a) what will be
(b) what is
(c) beneficial economic outcomes
(d) economic outcomes that are most likely [2]
2. ___________ would include a study of what the economic penalties for water
pollution should be.
(a) Normative economics
(b) Legal economics
(c) Judicial economics
(d) Market economics
[2]
3. An accidental oil spill is an example of a(n) ________ emission while municipal
treated wastewater is an example of a(n) ________ emission.
(a) continuous; episodic
(b) global; local
(c) point source; nonpoint source
(d) episodic; continuous [2]
Refer to the Table below and answer the question that follows:
Production Plant A Plant B
Level Marginal Cost Marginal Cost
(Widgets/Week)
0 R -- R --
20 R7.50 R4.50
38 R9.00 R4.00
50 R12.00 R8.00
62 R18.00 R9.00
80 R26.00 R12.00
100 R36.00 R15.00
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