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ECS1501 ASSIGNMENT 6 FOR 2025 - DUE 29 SEPTEMBER 2025

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ECS1501 ASSIGNMENT 6 FOR 2025 - DUE 29 SEPTEMBER 2025

Institution
University Of South Africa (Unisa)
Course
Economics IA (ECS1501)










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ECS1501 ASSIGNMENT 6




DUE: 29 SEPTEMBER
2025
FEND TUTORIALS

, Started on Saturday, 27 September 2025, 9:47 AM
State Finished
Completed on Saturday, 27 September 2025, 4:37 PM
Time taken 6 hours 49 mins
Marks 37.00/40.00
Grade 92.50 out of 100.00
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Under perfect competition the market price also represents the marginal revenue and average revenue
of each firm.



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False




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In the long run, all factors of production are variable.



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A firm's total revenue is equal to the total value of its sales, that is, price multiplied by the quantity
sold.



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Monopoly and monopolistic competition are two different market structures.



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