Related InterviewSolutions

• In monopolistic competionA. MR `lt` ARB. MR`gt`ARC. MR=ARD. none of these
• Price of a commodity isA. TRB. MRC. ARD. none of these
• MR curve is parallel to X-axis becauseA. Price fallsB. price risesC. price fluctuatesD. price remains uniform
• As long as MR is positive TRA. decreasesB. increasesC. remains constantD. none of these
• Demand curve under monopolistic competition isA. more elastic as compared to monopolyB. unitary elasticC. perfectly elasticD. perfectly inelastic.
• When a firm sells more at the uniform price, TR :A. increases at falling rateB. incraeses at rising rateC. increases at constant rateD. none of these
• When MR rises, TR rises at _______rate.A. fallingB. increasingC. constantD. all of these
• When 5 units of a good are sold, TR is Rs 100. when 6 units are sold, MR is Rs 8 . At what price are 6 units sold ?A. Rs 28 per unitB. Rs 20 per unitC. Rs 18 per unitD. Rs 12 per unit
• AR and price are always equal under :A. perfect competion onlyB. monopolistic competion onlyC. monopoly onlyD. all market forms
• In which form of market is the demand of a firm perfectly elastic :A. monopolyB. perfect competionC. monopolistic completionD. oligopoly