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Consider the following statements:<br>1. A profit-maximizing monopolist in different markets will adjust his sales in the two markets to just equal his MC.<br>2. A profit-maximizing monopolist in separate market will not adjust his sales.<br>3. A profit-maximizing monopolist in separate markets will adjust his sales.<br>4. A profit-maximizing firm in separate markets will adjust his sales in each market so that his MR is less than Me.

Correct Answer: 1 and 4

Consider the following statements.
1. A profit maximising monopolist in different markets will adjust his sales in the two markets, so that his MR in each market just equals his MC.
2. A profit maximising monopolist in separate markets will not adjust his sales.
3. A profit maximising monopolist in separate markets will adjust his sales in the two markets, so that his MR in each market will greater than MC.
4. A profit maximising firm in separate markets will adjust his sales in each market so, that his MR is less than MC.
Which of the statement(s) given above is/are correct?

Consider the following statements.
1. One way the government can induce a monopolist to expand his output is by imposing a price ceiling that make the monopolist lower his price.
2. MC = MR = AC = AR shows the equilibrium position of the competitive firm.
3. One way the government can induce a monopolist to expand his output by imposing a price floor that makes the monopolist raise his price.
4. One way the government can induce a monopolist to expand his output by imposing a specific tax on the monopolist output.
Which of the statement(s) given above is/are correct?

Consider the following statements
1. One way for the government to induce a monopolist to expand his output is by imposing a price ceiling that makes the monopolist lower his price.
2. MC = MR = AC = AR shows the equilibrium position of the competitive firm.
3. One way for the government to induce a monopolist is to make the monopolist raise his price.
4. One way for the government to induce a monopolist is to expand his output by imposing a specific tax on the monopolist output.

Read the following information carefully and answer the questions that follow: Seven persons Tina, Vini, Yasir, Rishi, Sanya, Pankaj and Urmila live on the separate floors of a 7- floor building. Ground floor is number one; second floor is number two and so on. Each of them goes to a city viz. Paris, Istanbul, Shanghai, Durban, London, Madrid and Dubai but not necessarily in the same order. Only three people live above the floor on which Sanya lives. Only one person lives between Sanya and the one who goes to Paris. Vini lives just below the person who goes to Madrid. Only three people live between the one who goes to Paris and London. The person who goes to Madrid lives on an even numbered floor. Urmila lives just above Rishi. Urmila does not go to London. Only two persons live between Pankaj and the one who goes to Durban. Pankaj lives above the person who goes to Durban. Yasir does not go to Istanbul. Tina does not live just above or just below Sanya. The one who goes to Shanghai does not live just above or just below Pankaj. Who among the following lives on floornumber 7?

Assertion (A): If the monopolist faces identical demand curves for his commodity in two separate markets, by practising third degree price discrimination, he cannot increase his TR and total profits.
Reason (R): As the marginal revenue curves are identical when the demand curves in the two markets are the same, the monopolist will not charge different prices in each market to maximise profits.

Which of the following is correct about different structure of sales force?
1. In product structure, the sales personnel are working closely in association with Rand D team.
2. In market structure, company designates an independent sales force for each market segment.
3. In territorial structure, each sales representative is assigned a particular geographical area.
Select the correct answer

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of thefour alternatives. The rising sun has great inner ______. Not just to ______ the new morning right after the dark night, but also the new rhythms and vibrations within existence. Theentire universe – including the trees, birds and flowers – wake up to the rising sun. When we listen to the birds chirping and see the flower petals open, rememberthat the sunrise is not just a great happening on the outside. If we are alert and aware, then the sunrise is also happening deep within us. Something within ourselvesis also ______ with the first rays of the sun. We just need to be sensitive and available; we just need to be ______. Like the outside world, we need to open the inner doorto let the new dawn enter within. Just open the window of our inner world and allow the beautiful experience of sunrise to ______ within ourselves – this experience isbeyond anything earthly. Not just to ______ the new morning

n the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of thefour alternatives. The rising sun has great inner ______. Not just to ______ the new morning right after the dark night, but also the new rhythms and vibrations within existence. Theentire universe – including the trees, birds and flowers – wake up to the rising sun. When we listen to the birds chirping and see the flower petals open, rememberthat the sunrise is not just a great happening on the outside. If we are alert and aware, then the sunrise is also happening deep within us. Something within ourselvesis also ______ with the first rays of the sun. We just need to be sensitive and available; we just need to be ______. Like the outside world, we need to open the inner doorto let the new dawn enter within. Just open the window of our inner world and allow the beautiful experience of sunrise to ______ within ourselves – this experience isbeyond anything earthly. we just need to be ______.

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.
Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does notaccord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that isconcerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to thinkof price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normalin all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixingthat it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competingfor the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for morethan its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with fullconsideration of the needs that it has in common with the other large firms competing for the same customers. Selling a commodity at a price that is not more than that charged by competitors is -

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.
Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does notaccord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that isconcerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to thinkof price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normalin all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixingthat it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competingfor the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for morethan its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with fullconsideration of the needs that it has in common with the other large firms competing for the same customers.
What does not seem as not good or normal in the context of this essay?