{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

BBM102_TMA3 - Semester 1 6WVQT OCTMGF#UUKIPOGPV(TMA 3 20...

This preview shows pages 1–5. Sign up to view the full content.

Semester 1 6WVQT±OCTMGF²² ² ² ² #UUKIPOGPV²³² (TMA 3 – 20%) 5WDOKUUKQP±&CVG²± 18 April 2010

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
2 7XWRU±PDUNHG²\$VVLJQPHQW²³² Instructions: 1. TMA 3 covers the topics in Unit 3 and Unit 4. 2. TMA 3 contains: Part A: 4 quantitative questions Part B: 4 essay questions Answer all questions in an A4 sized paper. 3. The total marks for TMA 3 is 100 which is equivalent to 20% of your final total marks. 4. The deadline for the submission of TMA 3 is on 18 April 2010 before 12.00 midnight.
3 Section A (60 marks) Quantitative Questions Answer ALL the questions. Please ensure that all workings are shown to get the maximum marks. Question 1 (a) What is her total revenue, if Kelsey sells 300 glasses of lemonade at RM0.50 each? [2] (b) What is her total revenue if Amanda sells 200 glasses of lemonade at RM0.50 each? [2] (c) Kirsten sells 300 glasses of lemonade at RM0.50 each. Her total costs are RM125. How much is her profit? [3] (d) Zoe sells 200 glasses of lemonade at RM0.50 each. Her total costs are RM25. How much is her profit? [3] (e) A certain firm manufactures and sells computer chips. Last year it sold 2 million chips at a price of RM10 per chip. What is the total revenue for this firm last year? [2] (f) XYZ Corporation produced 300 units of output but sold only 275 of the units it produced. The average cost of production for each unit of output produced was RM100. Each of the 275 units sold was sold for a price of RM95. How much is the total profit for the corporation? [3]

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
4 Question 2 (a) Refer to the table below for the preceding questions. Quantity Total Revenue 0 RM0 1 RM7 2 RM14 3 RM21 4 RM28 (i) What is the market price for a firm operating in a competitive market?
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 10

BBM102_TMA3 - Semester 1 6WVQT OCTMGF#UUKIPOGPV(TMA 3 20...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online