Practice Test 50
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Read the following table and answer question number

What is marginal utility when consumption increases from 8 units to 9 units?

Read the following table and answer question number

What is marginal utility when consumption increases from 4 units to 5 units?

What is the original price of a commodity when price elasticity is 0.71 and demand changes from 20 units to 15 units and the new price is Rs. 10?

What is the new quantity demanded when price elasticity is 1 and price changes from Rs.15 to Rs.10 and the original quantity demanded was 10 units?

What is the price elasticity of demand when, price changes from Rs.10 to Rs.12 and correspondingly demand changes from 6 units to 4 units?

Compute national income when population is 3 crore and per capita income is Rs. 2,000.

If in the above case, elasticity was same in both the market, the monopolist:

Read the following data and answer questions. A monopolist charges Rs. 30 for his product. He notices that elasticity in market A is 2 and elasticity in market B is 5.

The price discriminating monoplist will be in equilibrium when:

Read the following data and answer questions. A monopolist charges Rs. 30 for his product. He notices that elasticity in market A is 2 and elasticity in market B is 5.

In which market will the monopolist charge a higher price?

Read the following data and answer questions. A monopolist charges Rs. 30 for his product. He notices that elasticity in market A is 2 and elasticity in market B is 5.

What will be the Marginal Revenue in Market B?

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GENERAL ECONOMICS
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