PU E
SHI
NG Y L E NC
OU TO THE GATE OF EXC EL
Education is the most powerful weapon which you can use to change the world
,WARNING: PLEASE NOTE THAT PLAGIARISM IS A SERIOUS ACADEMIC
OFFENSE, therefore students must use this document ONLY as a guideline. Hence
students have regenerated their own (personalized) solutions paying particular
attention to module contents as prescribed by module facilitators, lecturers and
supervisors. This document’s purpose is to compact all sources of information that
might be relevant to students’ assignments, hence additional knowledge on the
provided information is not restricted by the authors. However, submitting this
document as one’s final work is considered unethical, and students should be
penalized. If this document is plagiarized by the users and fails, EXCELGATE should
not be rendered accountable since the contents in this document only give learners a
kick-start on what is expected of them from their areas of specialty.
CAUTION: STUDENTS ARE NOT MANDATED TO USE EVERY DETAIL IN THIS
DOCUMENT IN WRITING THEIR ASSIGNMENTS
Education is the most powerful weapon which you can use to change the world
,6/18/25, 5:11 PM Assessment 3: Attempt review
ECS2601-25-S1 Welcome Message Assessment 3
QUIZ
Started on Friday, 9 May 2025,
5:13 AM
State Finished
Completed on Friday, 9 May 2025,
6:30 AM
Time taken 1 hour 17 mins
Marks 40.00/40.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 2.00 out of 2.00
A monopolist engages in perfect price
discrimination …
a. the marginal revenue curve
becomes horizontal.
b.
the marginal revenue curve lies
below the demand curve.
c.
marginal cost becomes zero.
d.
the demand curve and the
marginal revenue curve are
identical.
Your answer is correct.
The correct answer is:
the demand curve and the marginal
revenue curve are identical.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=27332032&cmid=1084868 1/9
, 6/18/25, 5:11 PM Assessment 3: Attempt review
Question 2
Correct
Mark 2.00 out of 2.00
For a monopolist the market price is
affected by their choice of quantity.
Select one:
True
False
The correct answer is 'True'.
Question 3
Correct
Mark 3.00 out of 3.00
Given the relationship between the
demand curve (Demand) and the
marginal revenue (MR) curve of a
monopolist in terms of their steepness
(slope), What is the MR curve function ,
when the Demand curve function is given
by:
P = 100 - 4Q
a. MR = 200 - 8Q
b. MR = 100 - 8Q
c. MR = 50 - 2Q
d. MR = 100 - 2Q
Your answer is correct.
The correct answer is:
MR = 100 - 8Q
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=27332032&cmid=1084868 2/9
SHI
NG Y L E NC
OU TO THE GATE OF EXC EL
Education is the most powerful weapon which you can use to change the world
,WARNING: PLEASE NOTE THAT PLAGIARISM IS A SERIOUS ACADEMIC
OFFENSE, therefore students must use this document ONLY as a guideline. Hence
students have regenerated their own (personalized) solutions paying particular
attention to module contents as prescribed by module facilitators, lecturers and
supervisors. This document’s purpose is to compact all sources of information that
might be relevant to students’ assignments, hence additional knowledge on the
provided information is not restricted by the authors. However, submitting this
document as one’s final work is considered unethical, and students should be
penalized. If this document is plagiarized by the users and fails, EXCELGATE should
not be rendered accountable since the contents in this document only give learners a
kick-start on what is expected of them from their areas of specialty.
CAUTION: STUDENTS ARE NOT MANDATED TO USE EVERY DETAIL IN THIS
DOCUMENT IN WRITING THEIR ASSIGNMENTS
Education is the most powerful weapon which you can use to change the world
,6/18/25, 5:11 PM Assessment 3: Attempt review
ECS2601-25-S1 Welcome Message Assessment 3
QUIZ
Started on Friday, 9 May 2025,
5:13 AM
State Finished
Completed on Friday, 9 May 2025,
6:30 AM
Time taken 1 hour 17 mins
Marks 40.00/40.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 2.00 out of 2.00
A monopolist engages in perfect price
discrimination …
a. the marginal revenue curve
becomes horizontal.
b.
the marginal revenue curve lies
below the demand curve.
c.
marginal cost becomes zero.
d.
the demand curve and the
marginal revenue curve are
identical.
Your answer is correct.
The correct answer is:
the demand curve and the marginal
revenue curve are identical.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=27332032&cmid=1084868 1/9
, 6/18/25, 5:11 PM Assessment 3: Attempt review
Question 2
Correct
Mark 2.00 out of 2.00
For a monopolist the market price is
affected by their choice of quantity.
Select one:
True
False
The correct answer is 'True'.
Question 3
Correct
Mark 3.00 out of 3.00
Given the relationship between the
demand curve (Demand) and the
marginal revenue (MR) curve of a
monopolist in terms of their steepness
(slope), What is the MR curve function ,
when the Demand curve function is given
by:
P = 100 - 4Q
a. MR = 200 - 8Q
b. MR = 100 - 8Q
c. MR = 50 - 2Q
d. MR = 100 - 2Q
Your answer is correct.
The correct answer is:
MR = 100 - 8Q
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=27332032&cmid=1084868 2/9
