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CA Foundation Exam  >  CA Foundation Tests  >  Business Economics for CA Foundation  >  Test: Market : Price Determination In Diff Markets - CA Foundation MCQ

Test: Market : Price Determination In Diff Markets - CA Foundation MCQ


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15 Questions MCQ Test Business Economics for CA Foundation - Test: Market : Price Determination In Diff Markets

Test: Market : Price Determination In Diff Markets for CA Foundation 2024 is part of Business Economics for CA Foundation preparation. The Test: Market : Price Determination In Diff Markets questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Market : Price Determination In Diff Markets MCQs are made for CA Foundation 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Market : Price Determination In Diff Markets below.
Solutions of Test: Market : Price Determination In Diff Markets questions in English are available as part of our Business Economics for CA Foundation for CA Foundation & Test: Market : Price Determination In Diff Markets solutions in Hindi for Business Economics for CA Foundation course. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free. Attempt Test: Market : Price Determination In Diff Markets | 15 questions in 15 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study Business Economics for CA Foundation for CA Foundation Exam | Download free PDF with solutions
Test: Market : Price Determination In Diff Markets - Question 1
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Under which of the following forms of market structure does a firm has no control over the price of its product: 

Test: Market : Price Determination In Diff Markets - Question 2
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Given, AR = 5 and Elasticity of demand = 2 Find MR.

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Test: Market : Price Determination In Diff Markets - Question 3
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Under monopoly price discrimination depends upon: 

Test: Market : Price Determination In Diff Markets - Question 4
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Average revenue curve is also known as:
Test: Market : Price Determination In Diff Markets - Question 5
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n perfect competition, since the firm is a price taker, the _______ curve is a straight line: 
Test: Market : Price Determination In Diff Markets - Question 6
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Marketing Management is the _________ of choosing target markets and getting, keeping and growing customers through creating, delivering and communicating superior customer value. 
Test: Market : Price Determination In Diff Markets - Question 7
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Given the relation MR=P (1-1/e), if e<1, then
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Test: Market : Price Determination In Diff Markets - Question 8
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Which of the following is not an essential condition of pure competition?
Test: Market : Price Determination In Diff Markets - Question 9
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Market which have two firms are known as: 
Test: Market : Price Determination In Diff Markets - Question 10
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MR of n the unit is given by: 
Test: Market : Price Determination In Diff Markets - Question 11
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A firm will close down in the short period, if it’s AR is less than:
Test: Market : Price Determination In Diff Markets - Question 12
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What should firm do when Marginal revenue is greater than marginal cost?
Test: Market : Price Determination In Diff Markets - Question 13
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Profits of the firm will be more at: 
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Logically it follows then that the total profit of a firm become the maximum at the output level at which MC=MR, in which case the extra cost balances extra revenue. This is so because when MR=MC, a firm's marginal profit is zero when its total profit is maximum (constant)

Test: Market : Price Determination In Diff Markets - Question 14
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If a seller obtains Rs. 3,000 after selling 50 units and Rs. 3,100 after selling 52 units, then marginal revenue will be
Detailed Solution for Test: Market : Price Determination In Diff Markets - Question 14

The marginal revenue (MR) is calculated as the change in total revenue divided by the change in quantity sold. In this case, the total revenue changes from Rs. 3,000 to Rs. 3,100 as the quantity sold increases from 50 to 52 units. Therefore, the marginal revenue is (3,100 - 3,000) / (52 - 50) = Rs. 50.00. The correct answer is indeed option 2.

Test: Market : Price Determination In Diff Markets - Question 15
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For a discriminating monopolist the condition for equilibrium is: 
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