Managerial Economics End Term: 1 September 2024 (May 2024 term)

33 more questions in this paper

Sign in with Google — it is free — to see every question with its answer and explanation, practise it in learning mode, or take it as a timed mock test.

1. Q4Choose the correct alternative1 mark
2. Q5A monopolist always produces in1 mark
3. Q6Adverse selection occurs when1 mark
4. Q7If bad drivers can usually avoid being ticketed by the police, then insurance companies w…1 mark
5. Q8What are the monopolist’s profit-maximizing price and quantity?1 mark
6. Q9The resulting profit will be1 mark
7. Q10Calculate the firm’s degree of monopoly power using the Lerner index1 mark
8. Q11Nita’s risk preferences are1 mark
9. Q12Should Nita take up the new job?1 mark
10. Q13Based on the above data, answer the given subquestions.2 marks
11. Q14If there is no tariff, what is the quantity demanded (in thousand litres)1 mark
12. Q15If the tariff is imposed, how much a consumer will pay for a litre of palm oil_1 mark
13. Q16What is the new quantity demanded now (in thousand litres)?1 mark
14. Q17What will be the lost consumer surplus due to the imposed tariff (in thousand INR)1 mark
15. Q18Tax revenue for the government will be (in thousand INR)1 mark
16. Q19Tariff results in1 mark
17. Q20Calculate the output level of dry cleaning if it is produced under competitive conditions…1 mark
18. Q21Calculate the price of dry cleaning if it is produced under competitive conditions withou…1 mark
19. Q22Determine the socially efficient output of dry cleaning.\ Qs=_2 marks
20. Q23Determine the socially efficient price of dry cleaning.\ Ps=_1 mark
21. Q24Determine the tax that would result in a competitive market producing the socially effici…2 marks
22. Q25Calculate the output of dry cleaning if it is produced under monopoly conditions without …2 marks
23. Q26Calculate the price of dry cleaning if it is produced under monopoly conditions without r…1 mark
24. Q27What is the profit maximizing price that BA will charge?1 mark
25. Q28How many passengers will be on each flight in equilibrium?1 mark
26. Q29What is BA’s profit for each flight?1 mark
27. Q30Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 300…2 marks
28. Q31Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 300…2 marks
29. Q32Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 300…2 marks
30. Q33Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 300…1 mark
31. Q34Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 300…1 mark
32. Q35Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 300…2 marks
33. Q36Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 300…2 marks