Assessment 1: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=148
UNISA 2024 DSC1520-24-S1 Welcome Message Assessment 1
QUIZ
Started on Tuesday, 20 February 2024, 8:05 PM
State Finished
Completed on Tuesday, 20 February 2024, 8:17 PM
Time taken 11 mins 54 secs
Grade 100.00 out of 100.00
Question 1
Correct
Mark 6.00 out of 6.00
Suppose the cost of manufacturing 10 units of a product is R40 and the cost of
manufacturing 20 units is R70. If the cost C is linearly related to output Q (units
produced), the cost of producing 35 items is
a. R115, 00
b. R71, 67
c. R113, 33
d. R15, 00
Your answer is correct.
The correct answer is:
R115, 00
1 of 8 2024/02/20, 20
,Assessment 1: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=148
Question 2
Correct
Mark 6.00 out of 6.00
The demand and cost functions of a commodity are given by the equations
Demandfunction : Q = 6 000 − 30P
and
Costfunction : C(Q) = 5 000 + 2Q,
where P and Q are the price and quantity, respectively. The total revenue function
(T R) in terms of P is
a. T R = 6000 − 30P 2
b. T R = 6000 − 30P
c. T R = P (6000 − 30P )
d. T R = 6000 + 30P
Your answer is correct.
The correct answer is:
T R = 6000 − 30P 2
Question 3
Correct
Mark 6.00 out of 6.00
The demand and cost functions of a commodity are given by the equations
Demandfunction : Q = 6000 − 30P
and
Costfunction : C(Q) = 5 000 + 2Q,
where P and Q are the price and quantity, respectively. What is the company’s pro�t
function?
a. P rofit = −30P 2 + 6 060P − 17 000
b. P rofit = −30P 2 + 6 060P − 7 000
c. P rofit = −30P 2 + 5 940P + 7 000
d. P rofit = −30P 2 + 5 940P − 17 000
Your answer is correct.
The correct answer is:
P rofit = −30P 2 + 6 060P − 17 000
2 of 8 2024/02/20, 20
UNISA 2024 DSC1520-24-S1 Welcome Message Assessment 1
QUIZ
Started on Tuesday, 20 February 2024, 8:05 PM
State Finished
Completed on Tuesday, 20 February 2024, 8:17 PM
Time taken 11 mins 54 secs
Grade 100.00 out of 100.00
Question 1
Correct
Mark 6.00 out of 6.00
Suppose the cost of manufacturing 10 units of a product is R40 and the cost of
manufacturing 20 units is R70. If the cost C is linearly related to output Q (units
produced), the cost of producing 35 items is
a. R115, 00
b. R71, 67
c. R113, 33
d. R15, 00
Your answer is correct.
The correct answer is:
R115, 00
1 of 8 2024/02/20, 20
,Assessment 1: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=148
Question 2
Correct
Mark 6.00 out of 6.00
The demand and cost functions of a commodity are given by the equations
Demandfunction : Q = 6 000 − 30P
and
Costfunction : C(Q) = 5 000 + 2Q,
where P and Q are the price and quantity, respectively. The total revenue function
(T R) in terms of P is
a. T R = 6000 − 30P 2
b. T R = 6000 − 30P
c. T R = P (6000 − 30P )
d. T R = 6000 + 30P
Your answer is correct.
The correct answer is:
T R = 6000 − 30P 2
Question 3
Correct
Mark 6.00 out of 6.00
The demand and cost functions of a commodity are given by the equations
Demandfunction : Q = 6000 − 30P
and
Costfunction : C(Q) = 5 000 + 2Q,
where P and Q are the price and quantity, respectively. What is the company’s pro�t
function?
a. P rofit = −30P 2 + 6 060P − 17 000
b. P rofit = −30P 2 + 6 060P − 7 000
c. P rofit = −30P 2 + 5 940P + 7 000
d. P rofit = −30P 2 + 5 940P − 17 000
Your answer is correct.
The correct answer is:
P rofit = −30P 2 + 6 060P − 17 000
2 of 8 2024/02/20, 20
