Quiz Space

Managerial Economics · End Term · 1 Sept 2024 · May 2024 term

Managerial Economics End Term 1 Sept 2024 — Question 9

Question 9

+1 markOne correct option

The resulting profit will be

  1. A

    4250

  2. B

    6250

  3. C

    5060

  4. D

    6850

Show answer

Correct answer

  • B

    6250

See the whole paperTake it as a mock test

Question 9 of 36 in the IIT Madras BS Managerial Economics (Managerial Economics) End Term paper sat on 1 Sept 2024, in the May 2024 term (IIT M DEGREE AN EXAM QDB3 01 Sep 2024). It carries 1 mark.

More questions from this paper

  1. Q1What is true about monopolistic competition
  2. Q2A firm can always trade three units of labour for one unit of capital and still keep output constant. The production te…
  3. Q3A common resource is
  4. Q4Choose the correct alternative
  5. Q5A monopolist always produces in
  6. Q6Adverse selection occurs when
  7. Q7If bad drivers can usually avoid being ticketed by the police, then insurance companies will
  8. Q8What are the monopolist’s profit-maximizing price and quantity?
  9. Q10Calculate the firm’s degree of monopoly power using the Lerner index
  10. Q11Nita’s risk preferences are
  11. Q12Should Nita take up the new job?
  12. Q13Based on the above data, answer the given subquestions.
  13. Q14If there is no tariff, what is the quantity demanded (in thousand litres)
  14. Q15If the tariff is imposed, how much a consumer will pay for a litre of palm oil_
  15. Q16What is the new quantity demanded now (in thousand litres)?
  16. Q17What will be the lost consumer surplus due to the imposed tariff (in thousand INR)
  17. Q18Tax revenue for the government will be (in thousand INR)
  18. Q19Tariff results in
  19. Q20Calculate the output level of dry cleaning if it is produced under competitive conditions without regulation.\ Q^()=_
  20. Q21Calculate the price of dry cleaning if it is produced under competitive conditions without regulation.\ P^()=_
  21. Q22Determine the socially efficient output of dry cleaning.\ Qs=_
  22. Q23Determine the socially efficient price of dry cleaning.\ Ps=_
  23. Q24Determine the tax that would result in a competitive market producing the socially efficient output.\ t=
  24. Q25Calculate the output of dry cleaning if it is produced under monopoly conditions without regulation.\ Qm=_
  25. Q26Calculate the price of dry cleaning if it is produced under monopoly conditions without regulation. Pm=_
  26. Q27What is the profit maximizing price that BA will charge?
  27. Q28How many passengers will be on each flight in equilibrium?
  28. Q29What is BA’s profit for each flight?
  29. Q30Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 30000. It also finds out that two…
  30. Q31Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 30000. It also finds out that two…
  31. Q32Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 30000. It also finds out that two…
  32. Q33Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 30000. It also finds out that two…
  33. Q34Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 30000. It also finds out that two…
  34. Q35Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 30000. It also finds out that two…
  35. Q36Now, suppose BA realizes that the fixed costs per flight are in fact 41000 instead of 30000. It also finds out that two…