Choose the correct statement
Quasi linear preferences are linear in one good and non‐linear in other good
Marginal utility changes for a monotonic transformation of the utility function
MRS does not change for a monotonic transformation of utility function
All of these
Choose the correct alternative
The fraction of quantity tax paid by buyers rises as supply becomes less own‐ price elastic
The fraction of quantity tax paid by buyers rises as demand becomes more own‐price elastic
Both the fraction of quantity tax paid by buyers rises as supply becomes less own‐price elastic & the fraction of quantity tax paid by buyers rises as demand becomes more own‐price elastic
None
Choose the correct alternative about a monopolist
A profit‐maximizing monopoly will produce that output for which marginal cost equals marginal revenue
A natural monopoly occurs when one firm can supply the entire market more cheaply than can a number of firms
A monopolist always produces in the elastic region of market demand curve
All of these
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.
The IIT Madras BS Managerial Economics (Managerial Economics) Quiz 2 paper sat on 24 Mar 2024, in the January 2024 term: 18 questions for 25 marks in 120 minutes. The first 3 questions are below. Sign in with Google — it is free — to see the whole paper with its answers and explanations, in learning mode or as a timed mock test.
| Feature | Managerial Economics Quiz 2 24 Mar 2024 at a glance |
|---|---|
| Term | January 2024 term |
| Subject | Managerial Economics |
| Course code | BSMS3033 |
| Questions | 18 |
| Marks | 25 |
| Duration | 120 min |
| MCQ | 11 |
| Numerical | 7 |
| Official paper | IIT M DEGREE AN EXAM QDB2 24 Mar 2024 |
| Negative marking | No negative marking. |
| Updated |
