- Question 7 If The Price Per Unit Is R10 And 20 Units Are Sold Then Total Revenue Equals R200 Note You Will Lose 50 O 1 (40.88 KiB) Viewed 105 times
QUESTION 7 If the price per unit is R10 and 20 units are sold, then total revenue equals R200. Note, you will lose 50% of the mark for this question if you choose the incorrect option. A TRUE B. FALSE QUESTIONS Total cost is the additional cost of producing an extra unit of output. Note, you will lose 50% of the mark for this question if you choose the incorrect option. A TRUE B. FALSE QUESTION 9 Normal profit refers to a situation in which only explicit costs are covered. Note, you will lose 50% of the mark for this question if you choose the incorrect option. A TRUE B. FALSE QUESTION 10 If marginal revenue is zero, total revenue remains unchanged. Note, you will lose 50% of the mark for this question if you choose the incorrect option A TRUE B. FALSE QUESTION 11 Patricia withdraws R10 000 from her savings account (on which she earns interest of 10% per annum) to purchase a new computer which she will be able to use in her consultancy for a period of five years. The full R10 000 forms part of her economic costs of production in the first year. Note, you will lose 50% of the mark for this question if you choose the incorrect option. A TRUE B.FALSE QUESTION 12 If a firm has a total revenue of R100 000 per annum and economic cost of R80 000, it earns an economic profit of R20 000. Note, you will lose 50% of the mark for this question if you choose the incorrect option. A B. TRUE FALSE