ECS2601
Cape Peninsula University of Technology (CPUT)
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ECS2601 ASS 2 SEMESTER 2 2020
- Exam (elaborations) • 11 pages • 2021
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ECS2601 ASS 2 SEMESTER 2 2020
ECS2601 ASS 2 SEMESTER 2 2020
ECS2601 ASSIGNMENT 2
SECOND SEMESTER 2020
2
ECS2601 ASS 2 Second semester 2020
1. If current output is less than the profit-maximizing output, then the next unit produced will…
[1] Decrease profit.
[2] Increase cost more than it increases revenue.
[3] Increase revenue more than it increases cost.
[4] Increase revenue without increasing cost.
[5] Leave profit unchanged.
Explanation-(3)This means that MR>MC therefore the ...
Exam (elaborations)
ECS2601 ASS 2 SEMESTER 2 2020
Last document update:
ago
ECS2601 ASS 2 SEMESTER 2 2020 ECS2601 ASS 2 SEMESTER 2 2020 ECS2601 ASSIGNMENT 2 SECOND SEMESTER 2020 2 ECS2601 ASS 2 Second semester 2020 1. If current output is less than the profit-maximizing output, then the next unit produced will… [1] Decrease profit. [2] Increase cost more than it increases revenue. [3] Increase revenue more than it increases cost. [4] Increase revenue without increasing cost. [5] Leave profit unchanged. Explanation-(3)This means that MR>MC therefore the ...
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