CBSE Questions for Class 11 Commerce Economics Non-Competitive Markets Quiz 11 - MCQExams.com

Answer the following questions

Units$$0$$$$1$$$$2$$$$3$$$$4$$$$5$$$$6$$
Total Revenue$$100$$$$180$$$$250$$$$310$$$$360$$$$400$$$$430$$
 
 Find the marginal revenue at $$5^{th}$$ unit is 
  • $$60$$
  • $$55$$
  • $$45$$
  • $$40$$
QtyAFCATCMC
0---
180.00100.0020
240.0058.0017
326.6644.0015
420.0036.2513
516.0031.4012
613.3328.3313
711.4226.2914
810.0026.1325
98.8826.5630
108.0027.5634
117.2728.3040
126.6630.0047
136.1531.9255
If price is Rs. 26, perfectly competitive firm will:
  • Shut down in the short run.
  • Produce 8 units at a total economic loss of Rs. 9.
  • Produce 9 units at a total economic loss of Rs. 5.
  • Produce 8 units at a total economic loss of Rs. 1.04.
When a firm produces $$7$$ units of production and the TR is $$Rs. 42$$ after raising the production to $$8$$ units TR reached $$Rs. 46$$. Marginal revenue will be
  • $$Rs. 6 $$
  • $$Rs. 4 $$
  • $$Rs. 5$$
  • $$Rs. 8$$
If a seller obtains $$Rs. 6,000$$ after selling $$50$$ units and $$Rs. 6,204$$ after selling $$53$$ units, then marginal revenue will be
  • $$Rs. 204$$
  • $$68$$
  • $$120$$
  • $$118$$
_______ is the best example of oligopoly
  • SAARC
  • WTO
  • GATT
  • OPEC
0:0:1


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