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Best selling Microeconomics notes
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ECS2601 Questions & Answers Exam Pack For Year 2022
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4.1(11)4.128187May 20222021/2022A+
- With this pack you are guaranteed to be properly prepared for your exams. Use this as for your assignments or exam preparations, the document is searchable too. Questions are always repeated and therefore the best way to study from this pack is all you will need to study for your exams or to help you in finding answers for your assignments. Good Luck - Tutor Sam!
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Class notes
ECS2601 - Notes for Microeconomics (Summary)
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4.5(2)4.58169November 20212021/2022Available in bundle
- Contains latest exam study notes for Microeconomics covering all Chapters (Summary for textbook, these notes will help prepare for exam)
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ECS2601 EXAM PACK 2021
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4.5(27)4.571334July 20192022/2023A+
- Recent exam questions and answers and summarized notes for exam preparation. Whatsapp 067 171 1739 or 067 026 7903 for assistance. All the best on your exams!!
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ECS2601 ASSESSMENT 1 SEM 1 0F 2024 EXPECTED QUESTIONS AND SOLUTIONS
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1.0(1)1.0732April 20222022/2023A+
- THIS DOCUMENT CONTAINS COMPARATIVE ANSWERS FOR ECS2601, CORRECT USE OF THE DOCUMENT FOR RESEARCH AND COMPARATIVE PURPOSES WILL HELP YOU SCORE MORE THAN 75% AS ANSWERS HAVE BEEN COMPILED BY TOP TUTORS IN THE MODULE
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ECS2601 - EXAM PACK (2022)
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3.3(3)3.35161November 20212021/2022A+Available in bundle
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ECS2601 - MCQ Exam PACK (2022)
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4.0(1)4.03830November 20212021/2022A+Available in bundle
- Contains NEW Multiple Choice Questions and Answers from Past Exam Papers and Assignments • Recent and OLD Exam MCQ solutions • Great for exam Prep.
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Newest Microeconomics summaries
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Exam (elaborations)
ECS2601 ASSESSMENT 3 SEMESTER 1 2025 For a monopolist the market price is affected by their choice of quantity. Select one: True False Which of the following is true for a Stackelberg model? a. Both firms have a reaction curve b. The first firm pr
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---686May 20252024/2025A+
- ECS2601 ASSESSMENT 3 SEMESTER 1 2025 
 
 For a monopolist the market price is affected by their choice of quantity. 
 Select one: 
 True 
 False 
 
Which of the following is true for a Stackelberg model? 
 a. Both firms have a reaction curve 
 b. The first firm produces less than its rival. 
 c. Both firms produce the same quantity. 
 d. The first firm produces more than its rival.
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ECS2601 ASSESSMENT 3 SEMESTER 1 2025 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 giv
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--11296May 20252024/2025A+
- ECS2601 ASSESSMENT 3 SEMESTER 1 2025 
 
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
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ECS2601 ASSESSMENT 3 SEMESTER 1 2025 Question 1 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. th
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---1188May 20252024/2025A+
- ECS2601 ASSESSMENT 3 SEMESTER 1 2025 
 
 Question 1 
 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.
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Exam (elaborations)
ECS2601 ASSESSMENT 2 SEMESTER 1 2025 Suppose a firm must pay an annual tax, which is a fixed sum, independent of whether it produces any output. How does this tax affect the firm’s fixed, marginal, and average costs? a. Fixed costs increase by the tax
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--31430April 20252024/2025A+
- ECS2601 ASSESSMENT 2 SEMESTER 1 2025 
 
 
Suppose a firm must pay an annual tax, which is a fixed sum, independent of whether it produces any output. 
How does this tax affect the firm’s fixed, marginal, and average costs? 
a. Fixed costs increase by the tax amount. 
b. None of the options are correct 
c. Average fixed costs remain unchanged. 
d. Marginal and Variable Costs will increase. 
 
A perfect price-discrimination monopolist will … 
a. produce the amount that is larger than a non-pr...
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ECS2601 ASSESSMENT 2 SEMESTER 1 2025 Consumers are made better off when demand is relatively inelastic and supply is relatively elastic Select one: True False Suppose the competitive market is currently in equilibrium. If government imposes a price cont
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---1033April 20252024/2025A+
- ECS2601 ASSESSMENT 2 SEMESTER 1 2025 
 
Consumers are made better off when demand is relatively inelastic and supply is relatively elastic 
Select one: 
True 
False 
 
Suppose the competitive market is currently in equilibrium. If government imposes a price control, we would expect the consumer surplus to __________ and the producer surplus to __________. 
a. rise; rise 
b. fall; fall 
c. fall; rise 
d. rise; fall
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Exam (elaborations)
ECS2601 BMZ ASSESSMENT 4 SEMESTER 2 2024 MASTER In a perfectly competitive industry, the amount of output that a rm decides to sell has no effect on the market price, because… a. the rm’s output is a small fraction of the entire industry’s output. b. t
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---1754October 20242024/2025A+
- ECS2601 BMZ ASSESSMENT 4 SEMESTER 2 2024 MASTER 
 
In a perfectly competitive industry, the amount of output that a rm decides to sell has no effect on the market price, because… 
 a. the rm’s output is a small fraction of the entire industry’s output. 
 b. the rm supplies a different good than its rivals. 
 c. the market price is determined through regulation, by the government. 
 d. the short-run market price is determined solely by the rm’s technology
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Exam (elaborations)
ECS2601 ASSIGNMENT 1 SEMESTER 2 2024 If food is on the vertical axis and housing is on the horizontal axis, a set of indifference curves that are quite steep with respect to the horizontal axis … a. mean that the two goods are perfect substitutes. b.
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---162August 20242024/2025A+
- ECS2601 ASSIGNMENT 1 SEMESTER 2 2024 
 
 If food is on the vertical axis and housing is on the horizontal axis, a set of indifference curves that are quite steep with respect to the horizontal axis … 
 a. mean that the two goods are perfect substitutes. 
 b. imply that food has a higher relative value compared to housing for the consumer. 
 c. re ect a preference pattern that generally values housing high, relative to food. 
 d. say nothing relating to how the consumer feels about the two good...
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