DSC1520
ASSIGNMENT 5
SECOND SEMSTER 2022
BY: MTHOMBENI : 0767297208
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Dashboard / Courses / UNISA / 2022 / Semester 2 / DSC1520-22-S2 / Welcome Message / Assessment 5 (Mock Exam)
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Question 1
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Marked out of 5.00
A tuck shop at the station has fixed costs of R110 per week. They sell pies at a fixed price of R27, 00 each, while the production cost per
pie is R18, 00. We assume all the pies that are produced will be sold. What is the profit if 300 pies are sold
a. R2 590
b. R5 510
c. R8 100
d. R2 700
Clear my choice
Question 2
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The demand function for a certain kind of bed is given by
q = 10 600 − 3p.
Determine the point elasticity of demand (ϵ) when p = 3 200 .
a. |ϵ| = 9, 6 > 1 and demand is elastic.
b. |ϵ| = −9, 6 < 1 and demand is elastic.
c. |ϵ| = 9, 6 > 1 and demand is inelastic.
d. |ϵ| = −9, 6 < 1 and demand is inelastic.
Clear my choice
, Question 3
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Marked out of 5.00
MENU
Ayabonga designs and manufactures cycling products. The demand and supply functions for bikes are
Dashboard / Courses / UNISA / 2022 / Semester 2 / DSC1520-22-S2 / Welcome Message / Assessment 5 (Mock Exam)
p d = 900 − 4, 5q d and p s = −60 + 9q s ,
respectively. Where p is the price, and q the quantity. The equilibrium price and quantity are
a. P = 580; q = 71.
b. P = 71; q = 580.
c. P = 580; q = 580.
d. P = 71; q = 71.
Clear my choice
Question 4
Not yet answered
Marked out of 5.00
A firm sells their product for R1 300 per item. Their fixed costs amounts to R1 900 and the variable cost is R600 per unit produced.
Calculate the value of the total revenue (T R) and total cost (T C ) at break-even.
a. T R = 3 528; T C = 3 528.
b. T R = 2 250; T C = 2 250.
c. T R = 1 300; T C = 1 300.
d. T R = 2 500; T C = 2 250.
Clear my choice
ASSIGNMENT 5
SECOND SEMSTER 2022
BY: MTHOMBENI : 0767297208
,MENU
Dashboard / Courses / UNISA / 2022 / Semester 2 / DSC1520-22-S2 / Welcome Message / Assessment 5 (Mock Exam)
Time left 1:18:37
Question 1
Not yet answered
Marked out of 5.00
A tuck shop at the station has fixed costs of R110 per week. They sell pies at a fixed price of R27, 00 each, while the production cost per
pie is R18, 00. We assume all the pies that are produced will be sold. What is the profit if 300 pies are sold
a. R2 590
b. R5 510
c. R8 100
d. R2 700
Clear my choice
Question 2
Not yet answered
Marked out of 5.00
The demand function for a certain kind of bed is given by
q = 10 600 − 3p.
Determine the point elasticity of demand (ϵ) when p = 3 200 .
a. |ϵ| = 9, 6 > 1 and demand is elastic.
b. |ϵ| = −9, 6 < 1 and demand is elastic.
c. |ϵ| = 9, 6 > 1 and demand is inelastic.
d. |ϵ| = −9, 6 < 1 and demand is inelastic.
Clear my choice
, Question 3
Not yet answered
Marked out of 5.00
MENU
Ayabonga designs and manufactures cycling products. The demand and supply functions for bikes are
Dashboard / Courses / UNISA / 2022 / Semester 2 / DSC1520-22-S2 / Welcome Message / Assessment 5 (Mock Exam)
p d = 900 − 4, 5q d and p s = −60 + 9q s ,
respectively. Where p is the price, and q the quantity. The equilibrium price and quantity are
a. P = 580; q = 71.
b. P = 71; q = 580.
c. P = 580; q = 580.
d. P = 71; q = 71.
Clear my choice
Question 4
Not yet answered
Marked out of 5.00
A firm sells their product for R1 300 per item. Their fixed costs amounts to R1 900 and the variable cost is R600 per unit produced.
Calculate the value of the total revenue (T R) and total cost (T C ) at break-even.
a. T R = 3 528; T C = 3 528.
b. T R = 2 250; T C = 2 250.
c. T R = 1 300; T C = 1 300.
d. T R = 2 500; T C = 2 250.
Clear my choice
