ECS2601
Assignment 2 QUIZ Semester 1 2026
Unique Number:
Due Date: 7 April 2026
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
, ECS2601-26-S1 Welcome Message Assessment 2
QUIZ
Question 1
Not yet answered
Marked out of 2.00
Michael decides that he would pay as much as R3 200 for a new laptop computer. He buys the computer and realises
consumer surplus of R800. How much did Michael pay for his computer?
a. R2 400
b. R3 200
c. R4 000
d. R800
Clear my choice
Question 2
Not yet answered
Marked 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 quantity of books is …
a. 1 book
b. 500 000 books
c. 1 000 books
d. 10 000 books
Clear my choice
Assignment 2 QUIZ Semester 1 2026
Unique Number:
Due Date: 7 April 2026
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
, ECS2601-26-S1 Welcome Message Assessment 2
QUIZ
Question 1
Not yet answered
Marked out of 2.00
Michael decides that he would pay as much as R3 200 for a new laptop computer. He buys the computer and realises
consumer surplus of R800. How much did Michael pay for his computer?
a. R2 400
b. R3 200
c. R4 000
d. R800
Clear my choice
Question 2
Not yet answered
Marked 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 quantity of books is …
a. 1 book
b. 500 000 books
c. 1 000 books
d. 10 000 books
Clear my choice
