Multi-choice 7 Question 1. In case of Bains’ limit pricing, equlibrium will be at point where Answers Option 1 MR is negative Option 2 MR is maximum Option 3 MR is minimum Option 4 None of these Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. Demand curve becomes the MR curve in which degree of price discrimination ? Answers Option 1 1 Option 2 3 Option 3 2 Option 4 None of these Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 3. ‘Take it or leave it’ price discrimination is of what degree ? Answers Option 1 2 Option 2 3 Option 3 1 Option 4 None of these Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. Who was the author of the book “The Economics of Welfare”? Answers Option 1 A.C Pigou Option 2 Pareto Option 3 J.M Keynes Option 4 Alfred Marshall Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 5. On the basis of the data given below assuming that P = 100 – 2_{X}., company resorts to price discrimination. P_{1} = 80 – 2.5 _{X1} and P_{2} = 180 – 10_{X2 } Cost function is C = 150 + 40_{X}. What is the profit in case it resorts to price discrimination at the maximisation level ? Answers Option 1 300 Option 2 400 Option 3 500 Option 4 600 Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 6. On the basis if the data given below assuming that P = 100 – 2 _{x}., company resorts to price discrimination. P_{1} = 80 – 2.5 _{X1} and P_{2} = 180 – 10_{X2} Cost function is C = 150 + 40_{X}. What is its MC ? Answers Option 1 30 Option 2 35 Option 3 40 Option 4 45 Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 7. On the basis if the data given below assuming that P = 100 – 2_{x}., company resorts to price discrimination. P_{1} = 80 – 2.5 _{X1} and P_{2} = 180 – 10_{X2} Cost function is C = 150 + 40_{X}. At what price will the company sell in market ? Answers Option 1 40 Option 2 45 Option 3 50 Option 4 60 Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 8. On the basis if the data given below assuming that P = 100 – 2_{x}., company resorts to price discrimination. P_{1} = 80 – 2.5_{X1} and P_{2} = 180 – 10_{X2} Cost function is C = 150 + 40_{X}. At what price will the company sell market ? Answers Option 1 75 Option 2 100 Option 3 110 Option 4 120 Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 9. On the basis if the data given below assuming that P = 100 – 2_{x}., company resorts to price discrimination. P_{1} = 80 – 2.5_{X1} and P_{2} = 180 – 10_{X2} Cost function is C = 150 + 40_{X}. What is its elasticity in market-1 at price where profit is maximum ? Answers Option 1 0 Option 2 1 Option 3 2 Option 4 3 Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 10. On the basis if the data given below assuming that P = 100 – 2_{x}., company resorts to price discrimination. P_{1} = 80 – 2.5_{X1} and P_{2} = 180 – 10_{X2} Cost function is C = 150 + 40_{X}. What is its elasticity in market-2 at price where profit is maximum ? Answers Option 1 1.25 Option 2 1.57 Option 3 1.62 Option 4 1.72 Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback)

Multi-choice 7 Question 1. In case of Bains’ limit pricing, equlibrium will be at point where Answers Option 1 MR is negative Option 2 MR is maximum Option 3 MR is minimum Option 4 None of these Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. Demand curve becomes the MR curve in which degree of price discrimination ? Answers Option 1 1 Option 2 3 Option 3 2 Option 4 None of these Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 3. ‘Take it or leave it’ price discrimination is of what degree ? Answers Option 1 2 Option 2 3 Option 3 1 Option 4 None of these Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. Who was the author of the book “The Economics of Welfare”? Answers Option 1 A.C Pigou Option 2 Pareto Option 3 J.M Keynes Option 4 Alfred Marshall Feedback Correct option Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 5. On the basis of the data given below assuming that P = 100 – 2_{X}., company resorts to price discrimination. P_{1} = 80 – 2.5 _{X1} and P_{2} = 180 – 10_{X2 } Cost function is C = 150 + 40_{X}. What is the profit in case it resorts to price discrimination at the maximisation level ? Answers Option 1 300 Option 2 400 Option 3 500 Option 4 600 Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 6. On the basis if the data given below assuming that P = 100 – 2 _{x}., company resorts to price discrimination. P_{1} = 80 – 2.5 _{X1} and P_{2} = 180 – 10_{X2} Cost function is C = 150 + 40_{X}. What is its MC ? Answers Option 1 30 Option 2 35 Option 3 40 Option 4 45 Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 7. On the basis if the data given below assuming that P = 100 – 2_{x}., company resorts to price discrimination. P_{1} = 80 – 2.5 _{X1} and P_{2} = 180 – 10_{X2} Cost function is C = 150 + 40_{X}. At what price will the company sell in market ? Answers Option 1 40 Option 2 45 Option 3 50 Option 4 60 Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 8. On the basis if the data given below assuming that P = 100 – 2_{x}., company resorts to price discrimination. P_{1} = 80 – 2.5_{X1} and P_{2} = 180 – 10_{X2} Cost function is C = 150 + 40_{X}. At what price will the company sell market ? Answers Option 1 75 Option 2 100 Option 3 110 Option 4 120 Feedback Wrong choice Incorrect selection Correct option Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 9. On the basis if the data given below assuming that P = 100 – 2_{x}., company resorts to price discrimination. P_{1} = 80 – 2.5_{X1} and P_{2} = 180 – 10_{X2} Cost function is C = 150 + 40_{X}. What is its elasticity in market-1 at price where profit is maximum ? Answers Option 1 0 Option 2 1 Option 3 2 Option 4 3 Feedback Wrong choice Incorrect selection Wrong choice Correct option Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 10. On the basis if the data given below assuming that P = 100 – 2_{x}., company resorts to price discrimination. P_{1} = 80 – 2.5_{X1} and P_{2} = 180 – 10_{X2} Cost function is C = 150 + 40_{X}. What is its elasticity in market-2 at price where profit is maximum ? Answers Option 1 1.25 Option 2 1.57 Option 3 1.62 Option 4 1.72 Feedback Wrong choice Correct option Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback)

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