How often Production and the costs of the firm is asked
5 of 5
papers asked it
avg 13 marks · last Oct 2017
Worth 5 marks when it appears as a written question, plus 39 multiple-choice items.
Where it was asked
The questions
May/Jun 2016, Q42multiple choice
Determine which one of the following statements is correct.
May/Jun 2016, Q43multiple choice
Determine which one of the following statements is correct.
May/Jun 2016, Q44multiple choice
A firm's revenue schedule shows the following: output of 1 unit gives a total revenue of R10; output of 2 units gives an average revenue of R15; output of 3 units gives a marginal revenue of R6; output of 4 units gives an average revenue of R10; output of 5 units gives a total revenue of R42,5; and output of 6 units gives a marginal revenue of R2,5. What is the total revenue of six units?
May/Jun 2016, Q45multiple choice
Using the same revenue schedule (output of 1 unit gives total revenue R10; output of 2 units gives average revenue R15; output of 3 units gives marginal revenue R6; output of 4 units gives average revenue R10; output of 5 units gives total revenue R42,5; output of 6 units gives marginal revenue R2,5), what is the average revenue of three units?
May/Jun 2016, Q46multiple choice
Using the same revenue schedule, what is the marginal revenue of the fifth unit?
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