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Managerial Economics · Quiz 2 · 3 Aug 2025 · May 2025 term

Question 11: Producer surplus of the firm is

Question 11

+1 markOne correct option

Suppose that a competitive firm’s marginal cost of producing output q is given by MC(q)=6+4q. Assume that the market price of the firm’s product is ₹18.
Based on the above data, answer the given subquestions.

Producer surplus of the firm is

  1. A

    17

  2. B

    18

  3. C

    19

  4. D

    20

Show answer

Correct answer

  • B

    18

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Question 11 of 31 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 2 paper sat on 3 Aug 2025, in the May 2025 term (IIT M DEGREE AN EXAM QDB2 03 Aug 2025). It carries 1 mark.

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