Microeconomics UE Past Papers Questions.


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(1777) Question Category: Short answers

Use the following demand schedule to determine Total revenue and Marginal revenue for each possible level of sales.

Quantity Demanded(Kg) Product Price(Tshs) Total Revenue Marginal revenue
0 2    
1 2    
2 2    
3 2    
4 2    
5 2    
  1. What can you conclude about the structure of the industry in which this firm is operating? Explain.
  2. Graph the Demand , Total-revenue, and Marginal-revenue curves for this firm.
  3. Why do the Demand and Marginal -revenue curves coincide?

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UNSOLVED

(1778) Question Category: Short answers

What are the necessary conditions for a Monopolist to be successiful in practicing price discrimination?

Answer / Solution

UNSOLVED

(1779) Question Category: Short answers

The price system and the government play different roles in a free market economy. Discuss the economic roles played by the government.

Answer / Solution

UNSOLVED


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