In monopoly, when the demand curve is elastic, MR is:

Related MCQs

• In monopoly, if p = Rs. 10 at the point on the demand curve where η = 0.5, MR is:
• A profit-maximizing monopoly firm with a demand curve P = 50 − Q is a perfect pricediscriminator. If it has marginal costs of Rs. 10/unit and fixed costs of Rs. 30, it will produce _____ units of output and will make______ profit.
• The market demand curve for a perfectly competitive industry is QD = 12 - 2P. The market supply curve is QS = 3 + P. The market will be in equilibrium if:
• The elasticity of demand for the demand curve of a firm under perfect competition is
• The slope of ___curve will be positive if and only if the marginal cost curve lies above the AC curve.
• In a monopoly, marginal revenue is:
• If the demand curve for a monopolist is P = 100 -20Q, then the marginal revenue of that firm is given by the equation:
• When elasticity of demand is 2, the demand will be:
• The regression line or curve passes through
• Demand function for a commodity is D = 44 – 7P and supply function S = 2P –10, then the equilibrium price is: