Managerial Economics Quiz 2: 16 March 2025 (January 2025 term)

27 more questions in this paper

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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 profit-maximizing monopoly will produce that output for which marginal cost equals marg…0.5 marks
4. Q7A natural monopoly occurs when one firm can supply the entire market more cheaply than ca…0.5 marks
5. Q8A monopolist always produces in the inelastic region of market demand curve0.5 marks
6. Q9Consider the following game matrix where only the payoff of player 1 is given. Based on t…0.5 marks
7. Q10Consider the following game matrix where only the payoff of player 1 is given. Based on t…0.5 marks
8. Q11What is the profit-maximizing price per dose of Ageless (in \$)?_1 mark
9. Q12Choose the correct alternative.1 mark
10. Q13How many TAs will the university hire as a monopsonist1 mark
11. Q14What wage will it pay to a TA1 mark
12. Q15What level of output (q) the firm will produce?1 mark
13. Q16Producer surplus of the firm is1 mark
14. Q17Based on the above data, answer the given subquestions.1 mark
15. Q18Choose the correct alternative1 mark
16. Q19What is true about the optimal bundle of Narendra1 mark
17. Q20Optimal quantity of food is x=_1 mark
18. Q21Optimal quantity of clothing is y=_1 mark
19. Q22Equilibrium quantity of cigarettes in the market before the incidence of tax will be Q^()…1 mark
20. Q23Equilibrium price of cigarettes in the market before the incidence of tax will be P^()=1 mark
21. Q24New equilibrium quantity after the incidence of tax Q^(t)=1 mark
22. Q25Price that buyers pay now will be P^(B) =1 mark
23. Q26Price that seller receives per unit will be P^(s) =1 mark
24. Q27Suppose, the government acts weird and removes the tax to provide a subsidy of INR 1 per …1 mark
25. Q28Suppose, the government acts weird and removes the tax to provide a subsidy of INR 1 per …1 mark
26. Q29Suppose, the government acts weird and removes the tax to provide a subsidy of INR 1 per …1 mark
27. Q30Suppose, the government acts weird and removes the tax to provide a subsidy of INR 1 per …1 mark