QUIZ
OSCAR THE TUTOR
oscardiura@gmail.com
+27737560989
for FAC MAC ECS DSC TAX QMI FIN INV BNU STA tutorials
Question 1 The demand function of a firm is
Not yet
answered Q = 60 − 2, 5P
Marked out of
7.00
where Q and P represent the quantity and price respectively. At what value of P is the marginal
revenue equal to zero?
a. 150
b. 12
c. 0
d. 24
, Question 2 The demand function of a firm is
Not yet
answered Q = 90 − 1, 5P
Marked out of
7.00
where Q and P represent the quantity and price respectively. At what price is revenue a maximum?
a. 90
b. 30
c. 15
d. 270
Question 3 If the total cost is given by
Not yet
answered T C = 5Q3 − 10Q2 + 50Q + 150.
Marked out of
7.00 What is the marginal cost when Q = 10?
a. 1 750
b. 1 650
c. 1 700
d. 1 350
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