ECS1501
ASSIGNMENT 07
SOLUTIONS,
SEMESTER 1,
2022
, ECS1501/203/2/2017
Tutorial Letter 203/2/2017
ECONOMICS 1A ECS1501
Department of Economics
Second Semester
This tutorial letter contains the solutions to Assignments 03.
The purpose of this tutorial letter is to provide you with the correct answers to Assignment 03.
2
Please do not hesitate to contact one of the lecturers if you experience any difficulties with the
explanations.
Good luck with your studies.
Your ECS1501 lecturers
1 ANSWERS TO ASSIGNMENT 03
3.1 The correct alternative [3].
Utility is about the satisfaction the consumer gets from consuming a good and not how often the
good is consumed or how much it cost.
3.2 The correct alternative [2].
Glass of lemonade consumed
This study source was downloaded by 100000840070850 from CourseHero.com on 04-26-2022 01:24:50 GMT -05:00
https://www.coursehero.com/file/45454955/ECS1501-ASSIGNMENT-3-QUESTIONS-MEMO-2017/
ASSIGNMENT 07
SOLUTIONS,
SEMESTER 1,
2022
, ECS1501/203/2/2017
Tutorial Letter 203/2/2017
ECONOMICS 1A ECS1501
Department of Economics
Second Semester
This tutorial letter contains the solutions to Assignments 03.
The purpose of this tutorial letter is to provide you with the correct answers to Assignment 03.
2
Please do not hesitate to contact one of the lecturers if you experience any difficulties with the
explanations.
Good luck with your studies.
Your ECS1501 lecturers
1 ANSWERS TO ASSIGNMENT 03
3.1 The correct alternative [3].
Utility is about the satisfaction the consumer gets from consuming a good and not how often the
good is consumed or how much it cost.
3.2 The correct alternative [2].
Glass of lemonade consumed
This study source was downloaded by 100000840070850 from CourseHero.com on 04-26-2022 01:24:50 GMT -05:00
https://www.coursehero.com/file/45454955/ECS1501-ASSIGNMENT-3-QUESTIONS-MEMO-2017/
