Choose the incorrect statement
Quasi linear preferences are linear in one good and non-linear in other good
Marginal utility does not change 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 more own- price elastic
The fraction of quantity tax paid by buyers rises as demand becomes less own- price elastic
Both The fraction of quantity tax paid by buyers rises as supply becomes more own-price elastic and The fraction of quantity tax paid by buyers rises as demand becomes less own-price elastic
None of these
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
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The IIT Madras BS Managerial Economics (Managerial Economics) Quiz 2 paper sat on 4 Aug 2024, in the May 2024 term: 17 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 4 Aug 2024 at a glance |
|---|---|
| Term | May 2024 term |
| Subject | Managerial Economics |
| Course code | BSMS3033 |
| Questions | 17 |
| Marks | 25 |
| Duration | 120 min |
| MCQ | 10 |
| Numerical | 7 |
| Official paper | IIT M DEGREE AN EXAM QDB2 4 Aug 2024 |
| Negative marking | No negative marking. |
| Updated |
