Ecs2601 - Study guides, Study notes & Summaries

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ECS2601 ASSIGNMENT 3 SEMESTER 2 2024

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 5 SEMESTER 2 2023 (MCQ ANSWERS)

COMBINED QUESTIONS AND ANSWERS

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 ASSIGNMENT 1 second semester 2023 solutions

ECS2601 EXAM PACK 2024 Latest October November exam pack questions and answers and summarized notes for exam preparation.For assistance call or us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 .