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Exam (elaborations)

ECS2601 Assignment 4 Semester 1 2024

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ECS2601 Assignment 4 Semester 1 2024

Institution
University Of South Africa (Unisa)
Course
Economics (ECS2601)









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Institution
University of South Africa (Unisa)
Course
Economics (ECS2601)
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Uploaded on
May 20, 2024
Number of pages
15
Written in
2023/2024
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  • ecs2601 assignment 4 semester 1 2024

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, 1. UNISA
2. 2024
3. ECS2601-24-S1
4. Welcome Message
5. Assessment 4



QUIZ

Assessment 4
Open course index
Open block drawer
Back



Started on Saturday, 18 May 2024, 5:16 PM
State Finished
Completed on Saturday, 18 May 2024, 6:08 PM
Time taken 51 mins 8 secs
Marks 28.00/30.00
Grade 97.33 out of 100.00




Question 1

Complete

Mark 2.00 out of 2.00




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. R5

b. R100

c. R50

d. R1
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