DCC 703: Micro and Macroeconomic Analysis Exam Questions
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Questions and Answers

The demand function of a profit maximizing monopolist is 30 = 15 - ______

P

And his average cost function is AC - Q - 6-0 1. 11. اسلام

P

Calculate the output ( Q ) at which profits ( TT ) will be ______

maximized

It a tax of t per unit of quantity produced is imposed on the monopolist, calculate the output ( Q ) at which profits will be ______ when t = 5

<p>maximized</p> Signup and view all the answers

The difference curve of a consumer takes the form K = X0.4 Yo.6 Where K represents a constant level of utility and X and Y are two goods. If K = 9 , P₁ = 2 and Py < = 3 Show that this indifference curve slopes downwards from left to ______

<p>right</p> Signup and view all the answers

Assuming the consumer wishes to achieve the level of satisfaction given by this indifference curve, calculate the minimum level of income which is necessary to achieve this and express the budget line in algebraic ______

<p>form</p> Signup and view all the answers

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