2/19/23, 6:46 PM Assessment 1
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Dashboard / My courses / DSC1520-23-S1 / Welcome Message / Assessment 1
Question 1
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Which of the given statement is true?
a. In business, the amount of money that represents the opportunities that might have been missed in the process of delivering service
is called cost.
b. Variable costs are expenses that have to be paid by a company, independent of any business activity.
c. Profit is the surplus remains after total revenue have been deducted from total costs.
d. The term supply represents the quantity of a product that consumers would buy at a certain price.
Clear my choice
Question 2
Not yet answered
Marked out of 5.00
The surfing club provides swimming lessons to boost their funds. The club has fixed costs of R345 per day, when offering these classes-
mostly for insurance-and it costs them R65 for each lesson given. How many lessons did they provide if total costs amounted to R3 900 ?
a. 55
b. 253 845
c. 11
d. 1 345 565
Clear my choice
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, 2/19/23, 6:46 PM Assessment 1
Question 3
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Marked out of 5.00
MENU
A firm's fixed cost to produce cups amount to R1 250 per week and it costs R12 to produce each cup. These cups are sold for R55 each.
Dashboard
What would be/ My
thecourses / DSC1520-23-S1
firm's profit if they produce/and
Welcome
sell 150Message
cups? / Assessment 1
a. R5 200
b. 3 050
c. 8 250
d. 11 300
Clear my choice
Question 4
Not yet answered
Marked out of 5.00
The demand and supply functions for pans are
q = 710 − 5, 5p and p = 3, 5q + 57, 5,
respectively, with the price in rand and q the quantity in boxes. Find the point(s) where the demand and supply function intersect.
a. (p; q) = (126; 14, 556)
b. (p; q) = (14, 556; 126)
c. (p; q) = (126; 126)
d. (p; q) = (14, 556; 14, 556)
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=6741711&cmid=592101 2/10
MENU
Dashboard / My courses / DSC1520-23-S1 / Welcome Message / Assessment 1
Question 1
Not yet answered
Marked out of 5.00
Which of the given statement is true?
a. In business, the amount of money that represents the opportunities that might have been missed in the process of delivering service
is called cost.
b. Variable costs are expenses that have to be paid by a company, independent of any business activity.
c. Profit is the surplus remains after total revenue have been deducted from total costs.
d. The term supply represents the quantity of a product that consumers would buy at a certain price.
Clear my choice
Question 2
Not yet answered
Marked out of 5.00
The surfing club provides swimming lessons to boost their funds. The club has fixed costs of R345 per day, when offering these classes-
mostly for insurance-and it costs them R65 for each lesson given. How many lessons did they provide if total costs amounted to R3 900 ?
a. 55
b. 253 845
c. 11
d. 1 345 565
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=6741711&cmid=592101 1/10
, 2/19/23, 6:46 PM Assessment 1
Question 3
Not yet answered
Marked out of 5.00
MENU
A firm's fixed cost to produce cups amount to R1 250 per week and it costs R12 to produce each cup. These cups are sold for R55 each.
Dashboard
What would be/ My
thecourses / DSC1520-23-S1
firm's profit if they produce/and
Welcome
sell 150Message
cups? / Assessment 1
a. R5 200
b. 3 050
c. 8 250
d. 11 300
Clear my choice
Question 4
Not yet answered
Marked out of 5.00
The demand and supply functions for pans are
q = 710 − 5, 5p and p = 3, 5q + 57, 5,
respectively, with the price in rand and q the quantity in boxes. Find the point(s) where the demand and supply function intersect.
a. (p; q) = (126; 14, 556)
b. (p; q) = (14, 556; 126)
c. (p; q) = (126; 126)
d. (p; q) = (14, 556; 14, 556)
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=6741711&cmid=592101 2/10
