ECS2601
Cape Peninsula University of Technology (CPUT)
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![ECS2601 ASS 2 SEMESTER 2 2020](/docpics/614c761743315_1306525.jpg)
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ECS2601 ASS 2 SEMESTER 2 2020
- Exam (elaborations) • 11 pages • 2021
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- R53,32
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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 ...
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