Ecs2601 - Study guides, Study notes & Summaries

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ECS2601 ASSIGNMENT 4 SEMESTER 2 2024 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. R50 b. R5 c. R1 d. R100

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ECS2601 Assignment 4 Semester 2 (ANSWERS) Question 1 Complete Mark 0.00 out of 2.00 Flag question Question text When a profit-maximising firm is at its short run optimum, a. none of the options will be true. b. the average cost of the product is at its lowest possible point, whether a profit is being made or not. c. the profit per unit of output will be at its maximum possible level. d. the firm will be shut down if its price is less than the average fixed cost. Question 2 Comp...

ECS2601 Assessment 5 Complete Solutions to 3 attempts + detailed explanations to assist you in your own attempt. * with detailed explanations for each question * Guaranteed very good marks * Follow us for the next assignment - ECS2601 Assessment 6 (Due: 14 June 2023) * Please feel free to contact us should you have any queries.(send a direct message to UnisaGuide or phone 0**********

ECS2601 ASSIGNMENT 4 SEMESTER 2 2024 A firm producing six units of output has an average total cost of R200 and has to pay R300 to its fixed factors of production. The average variable cost is … a. R300. b. R50. c. R200. d. R150.

ECS2601 ASSESSMENT 3 SEMESTER 2 2024 BMZ Consider the following demand and supply functions: Demand: Qd = 440 - 40P, Supply: Qs = -120 + 40P. What is the equilibrium price and output? a. P = R3.33 and Q = 500. b. P = R7 and Q = 160. c. P = R4 and Q = 280. d. P = R3 and Q = 560. The market supply curve is the vertical summation of all the individual supply curves. Select one: True False

ECS2601 ASSESSMENT 3 (215605) SEMESTER 2 2023 MICROECONOMICS

ECS2601 ASSESSMENT 6 2023

ECS2601 ASSIGNMENT 1 SEMESTER 2 2023 FOR FURTHER ASSISTANCE KINDLY WHATSAAP 9