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Bachelor of Arts in Economics (BA Economics)

A monopolist produces 14,000 units of output and charges Rs.14 per unit. Its marginalrevenue is Rs.8, its marginal cost is Rs.7 and rising, its average total cost is Rs.10, and its average variable cost is Rs.9. The monopolist should

» Micro economics 2 solved MCQs /
Question:

A monopolist produces 14,000 units of output and charges Rs.14 per unit. Its marginalrevenue is Rs.8, its marginal cost is Rs.7 and rising, its average total cost is Rs.10, and its average variable cost is Rs.9. The monopolist should

A.

increase curve output, which will result in an increase in the firm\s positive economic profit

B.

increase output, which will reduce the firm\s economic losses

C.

shut down, which will reduce the firm\s economic losses

D.

decrease output, which will result in an increase in the firm\s positive economic

Answer» a. increase curve output, which will result in an increase in the firm\s positive economic profit

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

A monopolist produces 14,000 units of output and charges Rs.14 per unit. Its marginalrevenue is Rs.8, its marginal cost is Rs.7 and rising, its average total cost is Rs.10, and its average variable cost is Rs.9. The monopolist should Read More »

» Micro economics 2 solved MCQs

In perfect linear model, we assume that regression coefficientremains………..

» Mathematical Economics and Econometrics solved MCQs /
Question:

In perfect linear model, we assume that regression coefficientremains………..

A.

variable until some point

B.

variable through out

C.

constant to some point

D.

constant through out

Answer» d. constant through out

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

In perfect linear model, we assume that regression coefficientremains……….. Read More »

» Mathematical Economics and Econometrics solved MCQs

A price discriminating Monopolist is considered more efficient than a single pricesmonopolist because:

» Mathematical Economics solved MCQs /
Question:

A price discriminating Monopolist is considered more efficient than a single pricesmonopolist because:

A.

a price discriminating Monopolist knows its consumers better

B.

a price discriminating Monopolist can set prices more efficiently

C.

a price discriminating Monopolist produces a higher level of output

D.

a price discriminating Monopolist can produce it’s output at a lower cost

Answer» c. a price discriminating Monopolist produces a higher level of output

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

A price discriminating Monopolist is considered more efficient than a single pricesmonopolist because: Read More »

» Mathematical Economics solved MCQs