MauryaHub PYQ Practice

ms3033_2026T1_Q2_NA.pdf

Managerial Economics · Quiz 2 · Jan 2026

← Course papers · Start practice / exam

Questions and published explanations below are available without starting a test. Some questions may not have a published solution yet.

Question 2 MCQ · 0.5 marks

Quasi-linear preferences are linear in both the goods
  1. True
  2. False

A published solution is not available for this question yet.

Question 3 MCQ · 0.5 marks

Marginal utility does not change for a monotonic transformation of the utility function
  1. True
  2. False

A published solution is not available for this question yet.

Question 4 MCQ · 0.5 marks

MRS does not change for a monotonic transformation of utility function
  1. True
  2. False

A published solution is not available for this question yet.

Question 5 MCQ · 0.5 marks

The fraction of quantity tax paid by buyers rises as supply becomes more own-price elastic
  1. True
  2. False

A published solution is not available for this question yet.

Question 6 MCQ · 0.5 marks

The fraction of quantity tax paid by buyers rises as demand becomes more own-price elastic
  1. True
  2. False

A published solution is not available for this question yet.

Question 7 MCQ · 0.5 marks

A monopolist always produces in the inelastic region of market demand curve
  1. True
  2. False

A published solution is not available for this question yet.

Question 8 MCQ · 0.5 marks

Consider the following game matrix where only the payoff of player 1 is given. [[IMAGE:9a8d5f955e9699f8_3_2]] Based on the above data, answer the given subquestions.
M weakly dominates T
Source diagram or notation
  1. True
  2. False

A published solution is not available for this question yet.

Question 9 MCQ · 0.5 marks

Consider the following game matrix where only the payoff of player 1 is given. [[IMAGE:9a8d5f955e9699f8_3_2]] Based on the above data, answer the given subquestions.
B strictly dominates M
Source diagram or notation
  1. True
  2. False

A published solution is not available for this question yet.

Question 10 MCQ · 1.0 marks

[[IMAGE:9a8d5f955e9699f8_4_3]] Based on the above data, answer the given subquestions.
Choose the correct alternative
Source diagram or notation
  1. Marginal utility of Food is independent of C
  2. Marginal utility of Clothing is independent of F
  3. Both Marginal utility of Food is independent of C & Marginal utility of Clothing is independent of F
  4. None

A published solution is not available for this question yet.

Question 11 MCQ · 1.0 marks

[[IMAGE:9a8d5f955e9699f8_4_3]] Based on the above data, answer the given subquestions.
What is true about the optimal bundle of Anita
Source diagram or notation
  1. The optimal bundle lies on X-axis
  2. The optimal bundle lies on Y-axis
  3. Budget line is a tangent to Anita’s indifference curve at optimal bundle
  4. None

A published solution is not available for this question yet.

Question 12 NAT · 1.0 marks

[[IMAGE:9a8d5f955e9699f8_4_3]] Based on the above data, answer the given subquestions.
Optimal quantity of food is F*= ______________
Source diagram or notation

    A published solution is not available for this question yet.

    Question 13 NAT · 1.0 marks

    [[IMAGE:9a8d5f955e9699f8_4_3]] Based on the above data, answer the given subquestions.
    Optimal quantity of clothing is C*=_____________
    Source diagram or notation

      A published solution is not available for this question yet.

      Question 14 NAT · 1.0 marks

      [[IMAGE:9a8d5f955e9699f8_4_3]] Based on the above data, answer the given subquestions.
      Utility of Anita from optimal bundle is U(F*, C*) = _______________
      Source diagram or notation

        A published solution is not available for this question yet.

        Question 15 NAT · 1.0 marks

        [[IMAGE:9a8d5f955e9699f8_4_3]] Based on the above data, answer the given subquestions.
        What is the marginal rate of substitution of food for clothing when utility is maximized? MRS (F for C) = _______________
        Source diagram or notation

          A published solution is not available for this question yet.

          Question 16 NAT · 1.0 marks

          [[IMAGE:9a8d5f955e9699f8_6_4]]
          Equilibrium quantity (in millions) in the market before the subsidy Q* = _____________
          Source diagram or notation

            A published solution is not available for this question yet.

            Question 17 NAT · 1.0 marks

            [[IMAGE:9a8d5f955e9699f8_6_4]]
            Equilibrium price in the market before the subsidy P * = ______________
            Source diagram or notation

              A published solution is not available for this question yet.

              Question 18 NAT · 1.0 marks

              [[IMAGE:9a8d5f955e9699f8_6_4]]
              New equilibrium quantity after the subsidy Q\(^{s}\) = _____________
              Source diagram or notation

                A published solution is not available for this question yet.

                Question 19 NAT · 1.0 marks

                [[IMAGE:9a8d5f955e9699f8_6_4]]
                Price that buyers pay now will be P\(^{B}\) = ______________
                Source diagram or notation

                  A published solution is not available for this question yet.

                  Question 20 NAT · 1.0 marks

                  [[IMAGE:9a8d5f955e9699f8_6_4]]
                  Price that the producers receive per unit will be P\(^{s}\) = _____________
                  Source diagram or notation

                    A published solution is not available for this question yet.

                    Question 21 NAT · 1.0 marks

                    [[IMAGE:9a8d5f955e9699f8_6_4]]
                    Total cost (in million $) to the government will be _____________
                    Source diagram or notation

                      A published solution is not available for this question yet.

                      Question 22 NAT · 1.0 marks

                      [[IMAGE:9a8d5f955e9699f8_6_4]]
                      Suppose the government acts weird and removes the subsidy to impose a excise tax of $6 per unit to producers. New equilibrium quantity (in Millions) after the incidence of tax Q\(^{t}\) = ___________
                      Source diagram or notation

                        A published solution is not available for this question yet.

                        Question 23 NAT · 1.0 marks

                        [[IMAGE:9a8d5f955e9699f8_6_4]]
                        Suppose the government acts weird and removes the subsidy to impose a excise tax of $6 per unit to producers. Price that buyers pay now will be P\(^{B}\) = _____________
                        Source diagram or notation

                          A published solution is not available for this question yet.

                          Question 24 NAT · 1.0 marks

                          [[IMAGE:9a8d5f955e9699f8_6_4]]
                          Suppose the government acts weird and removes the subsidy to impose a excise tax of $6 per unit to producers. Price that seller receives per unit will be P\(^{S}\) = ______________
                          Source diagram or notation

                            A published solution is not available for this question yet.

                            Question 25 MCQ · 1.0 marks

                            [[IMAGE:9a8d5f955e9699f8_10_5]] Based on the above data, answer the given subquestions.
                            What level of output (q) the firm will produce?
                            Source diagram or notation
                            1. 2
                            2. 3
                            3. 4
                            4. 5

                            A published solution is not available for this question yet.

                            Question 26 MCQ · 1.0 marks

                            [[IMAGE:9a8d5f955e9699f8_10_5]] Based on the above data, answer the given subquestions.
                            Producer surplus of the firm is
                            Source diagram or notation
                            1. 7
                            2. 8
                            3. 9
                            4. 6

                            A published solution is not available for this question yet.

                            Question 27 NAT · 2.0 marks

                            [[IMAGE:9a8d5f955e9699f8_10_6]] Based on the above data, answer the given subquestions.
                            How much labor (Hours of labor per week) would the monopsonist hire to maximize profit? L*= _________________
                            Source diagram or notation

                              A published solution is not available for this question yet.

                              Question 28 NAT · 2.0 marks

                              [[IMAGE:9a8d5f955e9699f8_10_6]] Based on the above data, answer the given subquestions.
                              What wage rate (per hour) would the monopsonist pay, to maximize profit? w*= _____________
                              Source diagram or notation

                                A published solution is not available for this question yet.