Ecs2601 - Study guides, Study notes & Summaries

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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 6 semester 2 2023

ECS2601 ASSIGNMENT 2 SEMESTER 2 2023 QUESTIONS AND ANSWERS

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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...

This is the Prescribed book for ECS2601. For use 2024 Microeconomics ninth edition Global edition

ECS2601 ASSESSMENT 5 SEMESTER 1 2024 SEARCHABLE A tuckshop near Unisa offers lunch specials to first-year students. If students showed their ID cards, they would receive 10% off the cost of their lunch. This practice is anexample of Suppose that an industry is characterized as follows: C = 100 + 2q2 each firm’s total cost function MC = 4q firm’s marginal cost function P = 90 – 2Q industry demand curve MR = 90 – 4Q industry marginal revenue curve If there is only one firm in th...

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**********