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Exam Pack 2016 practice and solutions. questions with answers

  • Exam Pack 2016 practice and solutions. questions with answers

  • Exam (elaborations) • 69 pages • 2021
  • Exam Pack 2016 practice and solutions. questions with answers
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Tutorial letter 101/3/2018 Quantitative Modelling 1 DSC1520 Semesters 1 and 2

  • Tutorial letter 101/3/2018 Quantitative Modelling 1 DSC1520 Semesters 1 and 2

  • Exam (elaborations) • 40 pages • 2021
  • Question 1 Find the slope of the line represented by the equation 0 = 6 + 3x − 2y. [1] 2 3 [2] 3 2 [3] 3 [4] 2 [5] None of the above. Question 2 Consider the demand function P = 100 − 5Q, with P being price and Q quantity. Find the price elasticity of demand when Q = 8. Is demand elastic or inelastic? Justify your answer. [1] εd = −1,5; demand is elastic; εd < −1 [2] εd = −0,03; demand is inelastic; |εd| < 1 [3] εd = −1,5; demand is elastic; |εd| > 0 ...
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