Managerial Economics Quiz 2: 12 April 2026 (January 2026 term)

24 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. Q4The fraction of quantity tax paid by buyers rises as supply becomes more own-price elastic0.5 marks
2. Q5The fraction of quantity tax paid by buyers rises as demand becomes more own-price elastic0.5 marks
3. Q6A monopolist always produces in the inelastic region of market demand curve0.5 marks
4. Q7Consider the following game matrix where only the payoff of player 1 is given. Based on t…0.5 marks
5. Q8Consider the following game matrix where only the payoff of player 1 is given. Based on t…0.5 marks
6. Q9Choose the correct alternative1 mark
7. Q10What is true about the optimal bundle of Anita1 mark
8. Q11Optimal quantity of food is F=1 mark
9. Q12Optimal quantity of clothing is C=_1 mark
10. Q13Utility of Anita from optimal bundle is U(F, C) = _1 mark
11. Q14What is the marginal rate of substitution of food for clothing when utility is maximized?…1 mark
12. Q15Equilibrium quantity (in millions) in the market before the subsidy Q = _1 mark
13. Q16Equilibrium price in the market before the subsidy P =1 mark
14. Q17New equilibrium quantity after the subsidy Qs = _1 mark
15. Q18Price that buyers pay now will be PB =1 mark
16. Q19Price that the producers receive per unit will be Ps = _1 mark
17. Q20Total cost (in million \$) to the government will be _1 mark
18. Q21Suppose the government acts weird and removes the subsidy to impose a excise tax of \$6 p…1 mark
19. Q22Suppose the government acts weird and removes the subsidy to impose a excise tax of \$6 p…1 mark
20. Q23Suppose the government acts weird and removes the subsidy to impose a excise tax of \$6 p…1 mark
21. Q24What level of output (q) the firm will produce?1 mark
22. Q25Producer surplus of the firm is1 mark
23. Q26How much labor (Hours of labor per week) would the monopsonist hire to maximize profit?\ …2 marks
24. Q27What wage rate (per hour) would the monopsonist pay, to maximize profit?\ w= _2 marks