4/13/25, 10:29 AM Assessment 2 (page 1 of 10)
UNISA 2025 ECS2601-25-S1 Welcome Message Assessment 2
QUIZ
Question 1
Answer saved
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. R3 200
b. R2 400
c. R800
d. R4 000
Clear my choice
Question 2
Answer saved
Marked out of 2.00
The greater the import quota, the smaller the benefit to domestic industries and the greater the deadweight loss.
Select one:
True
False
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=25971791&cmid=1084867 1/1
,4/13/25, 10:29 AM Assessment 2 (page 2 of 10)
UNISA 2025 ECS2601-25-S1 Welcome Message Assessment 2
QUIZ
Question 3
Answer saved
Marked out of 2.00
When economic profit exists for a firm, it is very feeble because …
a. price will fall because market supply will increase.
b. firms are driven to increase output to the point where average total cost will equal price.
c. costs will inevitably increase and eliminate profit.
d. firms are driven to reduce output until average total cost equals price.
Clear my choice
Question 4
Answer saved
Marked out of 2.00
There can be constant returns to scale in an industry with an upward-sloping supply
curve.
Select one:
True
False
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=25971791&cmid=1084867&page=1 1/1
,4/13/25, 10:29 AM Assessment 2 (page 3 of 10)
UNISA 2025 ECS2601-25-S1 Welcome Message Assessment 2
QUIZ
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=25971791&cmid=1084867&page=2 1/3
, 4/13/25, 10:29 AM Assessment 2 (page 3 of 10)
Question 5
Answer saved
Marked out of 2.00
Use the following graph to answer the question.
Assume that a firm is producing at the profit-maximising output of q*, and a price of P, as indicated in the figure above. This is
an example of:
a.
A competitive firm that should shut down
b.
A competitive firm that should exit the market
c.
A competitive firm making a loss
d.
A competitive firm making a positive profit
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=25971791&cmid=1084867&page=2 2/3
UNISA 2025 ECS2601-25-S1 Welcome Message Assessment 2
QUIZ
Question 1
Answer saved
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. R3 200
b. R2 400
c. R800
d. R4 000
Clear my choice
Question 2
Answer saved
Marked out of 2.00
The greater the import quota, the smaller the benefit to domestic industries and the greater the deadweight loss.
Select one:
True
False
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=25971791&cmid=1084867 1/1
,4/13/25, 10:29 AM Assessment 2 (page 2 of 10)
UNISA 2025 ECS2601-25-S1 Welcome Message Assessment 2
QUIZ
Question 3
Answer saved
Marked out of 2.00
When economic profit exists for a firm, it is very feeble because …
a. price will fall because market supply will increase.
b. firms are driven to increase output to the point where average total cost will equal price.
c. costs will inevitably increase and eliminate profit.
d. firms are driven to reduce output until average total cost equals price.
Clear my choice
Question 4
Answer saved
Marked out of 2.00
There can be constant returns to scale in an industry with an upward-sloping supply
curve.
Select one:
True
False
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=25971791&cmid=1084867&page=1 1/1
,4/13/25, 10:29 AM Assessment 2 (page 3 of 10)
UNISA 2025 ECS2601-25-S1 Welcome Message Assessment 2
QUIZ
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=25971791&cmid=1084867&page=2 1/3
, 4/13/25, 10:29 AM Assessment 2 (page 3 of 10)
Question 5
Answer saved
Marked out of 2.00
Use the following graph to answer the question.
Assume that a firm is producing at the profit-maximising output of q*, and a price of P, as indicated in the figure above. This is
an example of:
a.
A competitive firm that should shut down
b.
A competitive firm that should exit the market
c.
A competitive firm making a loss
d.
A competitive firm making a positive profit
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=25971791&cmid=1084867&page=2 2/3
