Exam (elaborations)
ECS2601 Assignment 4 Semester 1 2024
- Course
- Economics (ECS2601)
- Institution
- University Of South Africa (Unisa)
ECS2601 Assignment 4 Semester 1 2024
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, 1. UNISA2. 2024
3. ECS2601-24-S1
4. Welcome Message
5. Assessment 4
QUIZ
Assessment 4
Open course index
Open block drawer
Back
Started on Saturday, 18 May 2024, 5:16 PM
State Finished
Completed on Saturday, 18 May 2024, 6:08 PM
Time taken 51 mins 8 secs
Marks 28.00/30.00
Grade 97.33 out of 100.00
Question 1
Complete
Mark 2.00 out of 2.00
The market supply curves and market
demand curves for books are given as
follows:
Supply curve: P = 0.000002Q Demand
curve: P = 11 – 0.00002Q
The short-run marginal cost curve: MC =
0.1 + 0.0009Q
The equilibrium price of books is …
a. R5
b. R100
c. R50
d. R1
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