Related InterviewSolutions

• When price falls with rise in output, then as quantity sold increases :A. MR falls quickly than ARB. MR falls slowly than ARC. Both MR and AR fall at the same rateD. MR and AR do not change
• When price falls with rise in output, then :A. MR curve is steeper than AR curveB. AR curve is steeper than MR curveC. MR and AR curves coincide in a horizontal straight line parallel to the X-axisD. None of these
• Which of the following diagram correctly depicts the relation between AR and MR when price falls with rise in output ?A. B. C. D.
• Identify the correct MR curve from the following options when price remains same with ris in output :A. B. C. D.
• When price remains same with rise in output, AR curve is :A. Vertical straight line parallel to Y-axisB. Horizontal straight line parallel to X-axisC. Downward slopingD. Positively sloped
• When a firm faces perfectly elastic demand for its product, at all levels of output :A. AR `gt` MRB. AR = MRC. AR `lt` MRD. Any one of the above
• If AR of 5 units of output is ₹ 20 and of 7 units is ₹ 18, MR of 7 units of output is :A. 26B. 13C. 2D. `₹ -1`
• Complete the following table :
• Calculate TR and AR.
• A shopkeeper sold 25 calculators at the price of ₹ 125 each. His total receipts increased to ₹ 3,380 after selling 26 calculators. At what price did he sell the `26^(th)` calculator ?