Quiz Space

Managerial Economics · Quiz 2 · 4 Aug 2024 · May 2024 term

Managerial Economics Quiz 2 4 Aug 2024 — Question 1

Question 1

+1 markOne correct option

Choose the incorrect statement

  1. A

    Quasi linear preferences are linear in one good and non-linear in other good

  2. B

    Marginal utility does not change for a monotonic transformation of the utility function

  3. C

    MRS does not change for a monotonic transformation of utility function

  4. D

    All of these

Show answer

Correct answer

  • B

    Marginal utility does not change for a monotonic transformation of the utility function

Video solution

The video solution to this question is being recorded and will play here. Until then, the answer key is above.

See the whole paperTake it as a mock test

Question 1 of 17 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 2 paper sat on 4 Aug 2024, in the May 2024 term (IIT M DEGREE AN EXAM QDB2 4 Aug 2024). It carries 1 mark.

More questions from this paper

  1. Q2Choose the correct alternative
  2. Q3Choose the correct alternative about a monopolist
  3. Q4Consider the following two statements:\ I. Peak load pricing is a form of price discrimination.\ II. It makes consumers…
  4. Q5Nash equilibrium in this game is (are)
  5. Q6Choose the correct alternative
  6. Q7What is true about the optimal bundle of Mohan
  7. Q8Optimal quantity of food is x=_
  8. Q9Optimal quantity of clothing is y=_
  9. Q10How many TAs will the university hire as a monopsonist
  10. Q11What wage will it pay to a TA
  11. Q12What is the size of the excess supply in the market with the price floor? _
  12. Q13What is the consumer surplus?
  13. Q14What is the producer surplus?_
  14. Q15What is the deadweight loss?_
  15. Q16What is the profit-maximizing price per dose of Ageless (in \$)?
  16. Q17Choose the correct alternative