Question
A profit-maximizing monopolist sets an output of 100 per
day and a price of £10. Which of the following statements is true?Solution
Statement a is true. The intersection of SMC and MR is always best, unless it results in a loss that exceeds the firm's total fixed costs, in which case it is better to shut down and produce nothing. To find the price a price-setter must set, we always look at the point on its demand curve at the output it wishes to sell.
Three statements are given, followed by two conclusions numbered I and II. Assuming the statements to be true, even if they seem to be at variance with ...
Conclusions:
No Maruti is Toyota.
Some Honda are Kia. Â
Statements:
Statements:
Only Computer is Laptop.
Some Computers are Tablets.
Mostly Tablets are Notebooks.
Conclusions:
I. Some L...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
Statements: All malware are spyware.
                           All spyware are viruses.
Conclusions: I....
Statements:
Some diamonds are golds.
Some golds are marbles.
Conclusions:
I. Some diamonds are marbles.
II. Som...
Statements: Some threads are needles.
                         Some needles are strings.
Conclusions: I. S...
Statements:Â Â Â Â Â Â All plots are lands.
                               All lands are houses.
 �...
Statements:
Some kitchen is balcony.
No balcony is room.
Some room is floor.
All floor is roof.
Conclusions:
...In the question below there are three statements followed by three conclusions I, II and III. You have to take the four given statements to be true eve...
