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Managerial Economics · End Term · May 2024 · AN

Managerial Economics · End Term · May 2024 AN

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Question 311 MCQ · 1.0 marks

Which of the following investments qualify for tax-saving benefits under Section 80C in the old tax regime? 1. National Savings Certificate (NSC) 2. Equity Linked Savings Scheme (ELSS) Choose the correct option:
6406533045166.
1 only
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2 only
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Both 1 and 2
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Neither 1 nor 2       **Managerial Economics** **Section Id :** 64065364140 **Section Number :** 12 **Section type :** Online **Mandatory or Optional :** Mandatory **Number of Questions :** 13 **Number of Questions to be attempted :** 13 **Section Marks :** 45 **Display Number Panel :** Yes **Section Negative Marks :** 0 **Group All Questions :** No **Enable Mark as Answered Mark for Review and** No **Clear Response :** **Maximum Instruction Time :** 0

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Question 313 MCQ · 1.0 marks

What is true about monopolistic competition
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Firms compete by selling differentiated products that are highly, but not perfectly, substitutable
6406533045262.
Entry and exit are not free in the market
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None of these
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Both Firms compete by selling differentiated products that are highly, but not perfectly, substitutable & Entry and exit are not free in the market

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Question 314 MCQ · 1.0 marks

A firm can always trade three units of labour for one unit of capital and still keep output constant. The production technology for this firm can most suitably represented by
6406533045265.
Cobb-Douglas production function
6406533045266.
Leontief production function
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Linear production function
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None of these

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Question 315 MCQ · 1.0 marks

A common resource is
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rival and nonexcludable
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nonrival and excludable.
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nonrival and nonexcludable
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rival and excludable

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Question 316 MCQ · 1.0 marks

Choose the correct alternative
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First-degree price discrimination is the practice of attempting to price each unit at the consumer’s reservation price
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Third-degree price discrimination is the practice of offering consumers a quantity discount
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Second-degree price discrimination is the practice of charging different uniform prices to different consumer groups or segments in a market
6406533045276.
All of these

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Question 317 MCQ · 1.0 marks

A monopolist always produces in
6406533045277.
The inelastic region of market demand curve
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The elastic region of market demand curve
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The whole demand curve
6406533045280.
None of these

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Question 318 MCQ · 1.0 marks

Adverse selection occurs when
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a person takes more risks that are not known to the life insurance company because he has life insurance
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a person buys life insurance because he has a risky lifestyle that is not known to the life insurance company
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a person is a risk lover
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pregnant women with health insurance make more doctor visits than uninsured pregnant women

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Question 319 MCQ · 1.0 marks

If bad drivers can usually avoid being ticketed by the police, then insurance companies will
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use one's driving record as a signal
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use one's driving record as a screening device
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not be able to use one's driving record as a screening device
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request driving records directly from the police and not from the individual applicant

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Question 320 MCQ · 1.0 marks

Source diagram or notation
What are the monopolist’s profit-maximizing price and quantity?
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Profit maximizing price=2.5 and Profit maximizing quantity=4500
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Profit maximizing price=8.5 and Profit maximizing quantity=2500
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Profit maximizing price=4.5 and Profit maximizing quantity=8500
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Profit maximizing price=5.5 and Profit maximizing quantity=2500

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Question 321 MCQ · 1.0 marks

Source diagram or notation
The resulting profit will be
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4250
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6250
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5060
6406533045256.
6850

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Question 322 MCQ · 1.0 marks

Source diagram or notation
Calculate the firm’s degree of monopoly power using the Lerner index
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0.349
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0.249
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0.294
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0.394

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Question 323 MCQ · 1.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
Nita’s risk preferences are
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Risk averse
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Risk loving
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Risk neutral
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Cannot be determined

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Question 324 MCQ · 1.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
Should Nita take up the new job?
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YES
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NO

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Question 325 NAT · 2.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
Source diagram or notation

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Question 326 NAT · 1.0 marks

Source diagram or notation
If there is no tariff, what is the quantity demanded (in thousand litres)____________________

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Question 327 NAT · 1.0 marks

Source diagram or notation
If the tariff is imposed, how much a consumer will pay for a litre of palm oil_________________

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Question 328 NAT · 1.0 marks

Source diagram or notation
What is the new quantity demanded now (in thousand litres)?____________________

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Question 329 NAT · 1.0 marks

Source diagram or notation
What will be the lost consumer surplus due to the imposed tariff (in thousand INR)______________

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Question 330 NAT · 1.0 marks

Source diagram or notation
Tax revenue for the government will be (in thousand INR)________________

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Question 331 MCQ · 1.0 marks

Source diagram or notation
Tariff results in
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Net gain for the society
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Net loss for the society
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Neither loss nor gain
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Cannot compute

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Question 332 NAT · 1.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
Calculate the output level of dry cleaning if it is produced under competitive conditions without regulation. Q\(^{*}\)=___________________________

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Question 333 NAT · 1.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
Calculate the price of dry cleaning if it is produced under competitive conditions without regulation. P\(^{*}\)=_________________________

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Question 334 NAT · 2.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
Determine the socially efficient output of dry cleaning. Qs=_______________________

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Question 335 NAT · 1.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
Determine the socially efficient price of dry cleaning. Ps=___________________

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Question 336 NAT · 2.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
Determine the tax that would result in a competitive market producing the socially efficient output. t=______________

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Question 337 NAT · 2.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
Calculate the output of dry cleaning if it is produced under monopoly conditions without regulation. Qm=_____________________

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Question 338 NAT · 1.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
Calculate the price of dry cleaning if it is produced under monopoly conditions without regulation. Pm=_________________

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Question 339 MCQ · 1.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
What is the profit maximizing price that BA will charge?
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200
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300
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400
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500

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Question 340 MCQ · 1.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
How many passengers will be on each flight in equilibrium?
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200
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300
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400
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500

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Question 341 MCQ · 1.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
What is BA’s profit for each flight?
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10000
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20000
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30000
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25000

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Question 342 MCQ · 2.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 30000. It also finds out that two different types of passengers fly to Chennai. Type A consists of business people with a demand of QA = 260 - 0.4P and type B consists of students with a demand of QB= 240 - 0.6P. BA decides to charge these two types different prices. The market demand curve will have a kink at
6406533045216.Source diagram or notation
6406533045217.Source diagram or notation
6406533045218.Source diagram or notation
6406533045219.Source diagram or notation

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Question 343 NAT · 2.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 30000. It also finds out that two different types of passengers fly to Chennai. Type A consists of business people with a demand of QA = 260 - 0.4P and type B consists of students with a demand of QB= 240 - 0.6P. BA decides to charge these two types different prices.
Source diagram or notation

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Question 344 NAT · 2.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 30000. It also finds out that two different types of passengers fly to Chennai. Type A consists of business people with a demand of QA = 260 - 0.4P and type B consists of students with a demand of QB= 240 - 0.6P. BA decides to charge these two types different prices.
Source diagram or notation

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Report a correction for Q344

Question 345 NAT · 1.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 30000. It also finds out that two different types of passengers fly to Chennai. Type A consists of business people with a demand of QA = 260 - 0.4P and type B consists of students with a demand of QB= 240 - 0.6P. BA decides to charge these two types different prices. Profit maximizing quantity for group A will be QA = _______________

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Question 346 NAT · 1.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 30000. It also finds out that two different types of passengers fly to Chennai. Type A consists of business people with a demand of QA = 260 - 0.4P and type B consists of students with a demand of QB= 240 - 0.6P. BA decides to charge these two types different prices. Profit maximizing quantity for group B will be QB = _______________

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Question 347 NAT · 2.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 30000. It also finds out that two different types of passengers fly to Chennai. Type A consists of business people with a demand of QA = 260 - 0.4P and type B consists of students with a demand of QB= 240 - 0.6P. BA decides to charge these two types different prices.
Source diagram or notation

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Question 348 NAT · 2.0 marks

Source diagram or notation
Based on the above data, answer the given subquestions.
Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 30000. It also finds out that two different types of passengers fly to Chennai. Type A consists of business people with a demand of QA = 260 - 0.4P and type B consists of students with a demand of QB= 240 - 0.6P. BA decides to charge these two types different prices.
Source diagram or notation

A published solution is not available for this question yet.

Report a correction for Q348