The Monopoly Demand Curve

Q.

What Are Leakages in the Circular Flow?

Q. The following are the sales figures of TVs of Firm A, during 2012-2017:

Year	2012	2013	2014	2015	2016	2017
Sale (in thousand units)	2, 155	2, 201	2, 250	2, 190	2, 095	2, 170

Plot the data on time series graph.

Q. In a perfectly, competitive market, the demand curve of firm is _________.

1. relatively inelastic
2. unitary elastic
3. relatively elastic
4. infinitely elastic

Q. Prepare a suitable graph from the following data relating to export and import.

Year	2010-11	2011-12	2012-13	2013-14	2014-15	2015-16	2016-17
Exports (₹ in crores)	1505	2265	2070	1805	1632	1527	1845
Imports( ₹ in crores)	1005	1145	1980	1335	1547	1435	1740

Q. The following are the figures of sales of two firms A and B for the years 2010-2017. Present the data graphically.

Year	Sales of Firm A (in thousand units)	Sales of FIrm B (in thousand units)
2010 2011 2012 2013 2014 2015 2016 2017	15 17 20 19 25 28 29 27	4 9 11 12 8 10 13 12

Q. A firm under a perfectly competitive market wants to increase its sales in the short run. The firm would ______.

1. lower the price of commodity
2. improve the quality of commodity
3. offer double the quantity for sale at ruling price
4. advertise the product aggressively

Q. The MR curve of a firm in perfect competition is also called ____________.

1. supply curve
2. total cost curve
3. profit curve
4. demand curve

Q.

What are the 5 criteria for revenue recognition?

Q. The Total Area under the Demand Curve of a product measures -

1. Marginal Utility
2. Total Utility
3. Consumer's Surplus
4. Producers' Surplus

Q. The kinked demand curve model of oligopoly assumes that ___________.

1. response to a price increase is less than the response to a price decrease
2. response to a price increase is more than the response to a price decrease
3. elasticity of demand is constant regardless of whether price increases or decreases
4. elasticity of demand is perfectly elastic if price increases and perfectly inelastic if price decreases

Q. Apply the concept of PPC to explain the problem of scarcity.

Q.

what is the formula of selling price and cost price. can i get a quick result because tomorrow is my final exam

Q. A perfectly competitive firms demand curve is ________________.

1. perfectly inelastic
2. the same as the market demand curve
3. downward sloping
4. the same as the firms marginal revenue curve

Q. Kinked demand curve is a feature of which of the following market structures?

1. Oligopoly
2. Monopoly
3. Duopoly
4. Monopsony

Q. How is the marginal revenue of a monopolist?

1. Equal to price
2. Less than price
3. More than price
4. Less than marginal cost

Q. What would be the shape of the demand curve so that the total revenue curve is a positively sloped straight line passing through the origin?

Q. A horizontal demand curve is ______.

1. relatively elastic
2. perfectly inelastic
3. perfectly elastic
4. unitary elasticity

Q. The demand curve of a firm under perfect competition is ___________.

1. a horizontal line
2. parallel to Y axis
3. positive sloped
4. downward sloping curve

Q. If the demand curve for a good is horizontal and the price is positive, then a leftward shift of the supply curve results in _________.

1. price changing to zero
2. an increase in price
3. a decrease in price
4. no change in price

Q. How is the demand curve of a firm under perfect competition?

1. Horizontal to Ox-axis
2. Negatively sloped
3. Positively sloped
4. U-shaped

Q. The given slope of the PPC is attributed to __________.

1. opportunity costs
2. resource scarcity
3. both (a) and (b)
4. neither (a) nor (b)

Q. What are the effects of black money on economy?

Q. A perfectly competitive firm has the following cost schedule

Output (units)	0	1	2	3	4	5	6	7	8	9	10
MC(Rs.)	-	11	10	9	8	7	6	5	7	13	19
TC(Rs.)	9	20	30	39	47	54	60	65	72	85	104

Suppose the price falls to Rs. 7, the firm would choose to produce ________ of output.

1. 6 units
2. 7 units
3. 8 units
4. 5 units

Q. Which of the following assumption apply to 'kinked-demand' analysis in oligopoly markets?

1. Rivals will reduce price in response to be the firm's lower prices.
2. Rivals' reactions are irrelevant.
3. Rivals will tend not to raise prices in response to the firm's higher prices.
4. Rivals will raise prices in response to the firm's higher prices.

Q. Using the following data and 2008 as the base period, compute simple aggregative price indices for the two fuels.

Item	Producer's Price (in ₹)
	2008	2009	2010
Coal ( ₹)	5	3	4
Crude oil ( ₹)	2	3	4