econ1001 quiz 2 (1 Viewer)

[Sadiah]

minh, wtf is your problem?

I'm trying to help!

 

[Sadiah]

you think its b too? god i hope so lol

I was only joking. Yep, it's b.

 

[meilz92]

...you dont even go to usyd

 

[konkzz]

I repeat. There is no correct answer for Question 4. Anyone who attempts the quiz will automatically get a mark for it.

 

[Sadiah]

Trust. Me.

I know the answers to all the questions.

 

[meilz92]

arrrghhh stuck on Q10!!!!!
posted it as my facebook status lol.

 

[SeCKSiiMiNh]

sadiah i hate you for real

if you're not gunna post anything useful, then i suggest you scram

 

[SeCKSiiMiNh]

arrrghhh stuck on Q10!!!!!
posted it as my facebook status lol.

10 IS WEIRD!!!!

MC is supposed to be 4 wtfffff

 

[meilz92]

nah i think its either b or d
because MC= delta(TC)/delta(q)

so MC= 5

not sure what AVC is though :'(

 

[SeCKSiiMiNh]

no wait

doesnt marginal cost equal to the total cost (when q=2) - the total cost (when q =1)

page 159 of the textbook has that table

 

[meilz92]

ohhh ur probably right
fml

i have no idea what the answer is then!

 

[Sadiah]

meilz92, I'll just clarify myself. You actually believed me formerly.

I dunno what the thread is about, and I dunno the answers to any of the questions. I was just mucking around to annoy someone, and that someone is literally pissed, so Imma exit now. Good luck, nonetheless.

 

[meilz92]

i didnt believe u

 

[Sadiah]

hmm fair enough, sorry, my bad.

 

[icecoffee]

I got d for 10?

Since MC is the derivative of TC --> MC = 1 + 2q, so if q=2, then MC=5
VC = q + q^2, so VC = 3

correct me if i'm wrong...