DSC1520/Ass1-3/2020
Quantitative Modelling 1
DSC1520
Semester 1
Department of Decision Sciences
Assignments
01 (Units 1,2 and 3) 6 March 887288
02 (Units 4 and 5) 27 March 791190
03 (All Units) 24 April 834735
,Assignment 01(S1)
This MCQ assignment is compulsory.
Due date Unique number
6 March 2020 887288
Instructions
⊲ Work through Study units 1, 2 and 3 in the study guide before attempting this assignment.
⊲ Answer all the questions.
⊲ Submit your answers electronically through myUnisa.
Question 1
Rewriting the equation
5t + 1
V =
t−1
with t in terms of V , gives
6
[1] t= V
.
V +1
[2] t= V +5
.
1−V
[3] t= V −5
.
V +1
[4] t= V −5
.
Question 2
The demand function of a product is given as
P = 58 − 0,4Q,
where P and Q are the price and quantity, respectively. Determine the consumer surplus of the
product if the market price P = 10.
[1] 1 296
[2] 1 566
[3] 2 880
[4] 3 480
2
, Blurred content of page 3
Quantitative Modelling 1
DSC1520
Semester 1
Department of Decision Sciences
Assignments
01 (Units 1,2 and 3) 6 March 887288
02 (Units 4 and 5) 27 March 791190
03 (All Units) 24 April 834735
,Assignment 01(S1)
This MCQ assignment is compulsory.
Due date Unique number
6 March 2020 887288
Instructions
⊲ Work through Study units 1, 2 and 3 in the study guide before attempting this assignment.
⊲ Answer all the questions.
⊲ Submit your answers electronically through myUnisa.
Question 1
Rewriting the equation
5t + 1
V =
t−1
with t in terms of V , gives
6
[1] t= V
.
V +1
[2] t= V +5
.
1−V
[3] t= V −5
.
V +1
[4] t= V −5
.
Question 2
The demand function of a product is given as
P = 58 − 0,4Q,
where P and Q are the price and quantity, respectively. Determine the consumer surplus of the
product if the market price P = 10.
[1] 1 296
[2] 1 566
[3] 2 880
[4] 3 480
2
, Blurred content of page 3
