Ecs2601 assignment 4 - 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

ECS2601 ASSIGNMENT 4 S2 2023 solutions

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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 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 Assignment 4 Semester 2 (ANSWERS).100% TRUSTED Answers, guidelines, workings and references.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 tha...

ECS2601 Assignment 4 Semester 1 2023

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ECS2601 Assignment 4 (QUIZ) Semester 1 % TRUSTED workings, explanations and solutions. Whatsapp 067 171 1739 for assistance. ............................................................... In the short run, a perfectly competitive firm earning positive profit is … a. at the minimum of its ATC. b. on the upward sloping portion of its ATC. c. on the downward sloping portion of its ATC. d. above its ATC. If current output is less than the profit-maximising output, then the next unit prod...