Quiz Space

Managerial Economics · End Term · 31 Aug 2025 · May 2025 term · Set QIA1

Question 13: What price would this monopolist will set?

Question 13

+1 markNumerical answer

Recall the example of apartments’ market discussed in the week 1. Suppose the demand curve faced by a monopolist apartment owner who has 60 apartments is D(p) = 100−2p.
Based on the above data, answer the given subquestions.

What price would this monopolist will set? ____________

Show answer

Correct answer: 25

See the whole paperTake it as a mock test

Question 13 of 37 in the IIT Madras BS Managerial Economics (Managerial Economics) End Term paper sat on 31 Aug 2025, in the May 2025 term (IIT M IMPROVEMENT FN EXAM QIA1 31 Aug 2025). It carries 1 mark.

More questions from this paper

  1. Q1Based on the above data, answer the given subquestions.
  2. Q2Consumer surplus in this case will be CS = _
  3. Q3Producer surplus in this case will be PS =
  4. Q4In case of import without tariff, how many total units of ball pens will be imported _
  5. Q5In case of import without tariff, how many units of ball pens are being supplied by domestic firms _
  6. Q6With the tariff, how many units would be imported? _
  7. Q7How much would domestic producer surplus change compared to the case with imports without tariffs if the government int…
  8. Q8How much revenue would the domestic government collect from the imports of ball pens due to this import duty of ₹10? _
  9. Q9What should be the socially efficient number of hives that the beekeeper should maintain
  10. Q10How many beehives will the beekeeper maintain if we ignore the apple orchard
  11. Q11For which values of p will you decide to get an MBA?
  12. Q12If p = 0.4, what is the highest price the university can charge for you to be willing to go ahead and get an MBA? _
  13. Q14How many apartments will he offer for rent? _
  14. Q15What price would he set if he had 40 apartments? _
  15. Q16How many would he rent if he had 40 apartments?
  16. Q17A monopolist can produce at a constant average (and marginal) cost of AC = MC = \$5. It faces a market demand curve giv…
  17. Q18A monopolist can produce at a constant average (and marginal) cost of AC = MC = \$5. It faces a market demand curve giv…
  18. Q19What will be the profit of this monopolist? Profit = _
  19. Q20Suppose a second firm enters the market. Let Q1 be the output of the first firm and Q2 be the output of the second. Mar…
  20. Q21Suppose a second firm enters the market. Let Q1 be the output of the first firm and Q2 be the output of the second. Mar…
  21. Q22Suppose a second firm enters the market. Let Q1 be the output of the first firm and Q2 be the output of the second. Mar…
  22. Q23Suppose a second firm enters the market. Let Q1 be the output of the first firm and Q2 be the output of the second. Mar…
  23. Q24Suppose a second firm enters the market. Let Q1 be the output of the first firm and Q2 be the output of the second. Mar…
  24. Q25Suppose a second firm enters the market. Let Q1 be the output of the first firm and Q2 be the output of the second. Mar…
  25. Q26The expected valuation of a car for a potential buyer will be (in \$)
  26. Q27In equilibrium, what kind of cars will be sold
  27. Q28What will be the equilibrium price at which the buyers will buy the cars (in \$)? _
  28. Q29If the insurance provider offered medical insurance at a price of \$1,000
  29. Q30If the insurance company offered medical insurance at a price of \$1,300
  30. Q31If the income of the consumer increases and the one of the prices decreases at the same time, the consumer will necessa…
  31. Q32Which of the following is true about monopolistic competition?
  32. Q33A monopolist always produces in
  33. Q34Public goods are provided by the government because
  34. Q35Which goods represent network goods?
  35. Q36Moral hazard occurs when contracts are written in such a way that
  36. Q37Suppose the supply curve for pencils is vertical and government imposes a tax in this market.