Managerial Economics Quiz 2: 16 August 2026 (May 2026 term)

25 more questions in this paper

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1. Q4First degree price discrimination is the practice of charging each customer her reservati…0.5 marks
2. Q5The cross price elasticity of demand of substitutes is positive.0.5 marks
3. Q6A good with an income elasticity of demand greater than zero is classified as a normal go…0.5 marks
4. Q7Equilibrium quantity (in millions) in the market before the subsidy will be Q= _1 mark
5. Q8Equilibrium price in the market before the subsidy will be P= _1 mark
6. Q9New equilibrium quantity after the subsidy QS= _1 mark
7. Q10Price that buyers pay now will be PB=1 mark
8. Q11Price that the producers receive per unit will be PS= _1 mark
9. Q12Total cost (in millions \$) to the government will be _1 mark
10. Q13Suppose the government acts weirdly and removes the subsidy to impose a tax of \6 excise …1 mark
11. Q14Suppose the government acts weirdly and removes the subsidy to impose a tax of \$6 excise…1 mark
12. Q15Suppose the government acts weirdly and removes the subsidy to impose a tax of \$6 excise…1 mark
13. Q16What will be the price charged by this monopolist? P= _1 mark
14. Q17Suppose price discrimination is not allowed (or is not possible). How large will the prod…1 mark
15. Q18Suppose the firm can engage in perfect first-degree price discrimination. What is the inc…1 mark
16. Q19Suppose that both Air India and Indigo charge a price of \$300 each for a round-trip tick…1 mark
17. Q20What is the market-level price elasticity of demand for air travel between Kolkata and De…1 mark
18. Q21M weakly dominates T1 mark
19. Q22B strictly dominates M1 mark
20. Q23Choose the correct alternative.1 mark
21. Q24Choose the correct alternative1 mark
22. Q25Suppose the consumer's income is \100, and the price of food is \1 and clothing is \$2.\ …1 mark
23. Q26Suppose the consumer's income is \100, and the price of food is \1 and clothing is \$2.\ …1 mark
24. Q27Suppose the consumer's income is \100, and the price of food is \1 and clothing is \$2.\ …1 mark
25. Q28Suppose the consumer's income is \100, and the price of food is \1 and clothing is \$2.\ …1 mark