DSC1520-24-S1 Welcome Message Assessment 3
QUIZ
Question 1
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Marked out of 7.00
Suppose the total cost (in rand) of manufacturing grass brooms is
2
T C = 10u − 4u + 14
where u is the number of grass brooms manufactured. What is the marginal cost if 100 brooms are manufactured?
a. 99 614
b. 1 996
c. 996
d. 5
Clear my choice
Question 2
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Marked out of 7.00
The demand function of a firm is
Q = 150 − 0, 5P ,
where Q and P represent the quantity and price respectively. At what value of P is the marginal revenue equal to zero?
a. 0
b. 113
c. 150
d. 75
Clear my choice
QUIZ
Question 1
Answer saved
Marked out of 7.00
Suppose the total cost (in rand) of manufacturing grass brooms is
2
T C = 10u − 4u + 14
where u is the number of grass brooms manufactured. What is the marginal cost if 100 brooms are manufactured?
a. 99 614
b. 1 996
c. 996
d. 5
Clear my choice
Question 2
Answer saved
Marked out of 7.00
The demand function of a firm is
Q = 150 − 0, 5P ,
where Q and P represent the quantity and price respectively. At what value of P is the marginal revenue equal to zero?
a. 0
b. 113
c. 150
d. 75
Clear my choice
