All India Management Association (AIMA) 2007 M.B.A Marketing Management Business Economics – I - Question Paper
Friday, 01 February 2013 10:45Web
Page 8 of 18
(b) Rs. 864
(c) Rs. 900
(d) Rs.1,224
(e) Rs.1,400. (2marks)
40.A firm’s marginal cost function is estimated as follows:
MC = 50 – 30Q + 0.25Q2.
The output at which the marginal cost will be minimum is
(a) 10 units
(b) 15 units
(c) 20 units
(d) 30 units
(e) 60 units. (2marks)
41.A firm operating under perfect competition has the subsequent cost functions:
TC = 500 + 75Q – 10Q2 + 0.5Q3.
The price beneath which the firm shut down its operations in the short-run is
(a) Rs.10
(b) Rs.25
(c) Rs.40
(d) Rs.50
(e) Rs.75. (2marks)
8
42.The cost schedule of a firm is provided below:
Quantity
(units)
Total Fixed Cost
(Rs.)
Total Variable Cost
(Rs.)
1 200 60
2 200 160
3 200 360
4 200 660
5 200 1,060
The avg. total cost of producing fifth units is
(a) Rs.140
(b) Rs.150
(c) Rs.200
(d) Rs.212
(e) Rs.252. (2marks)
43.If avg. cost function for a firm is AC = 36 – 0.80Q + 0.020Q2, the minimum possible avg. cost is
(a) Rs.16
(b) Rs.20
(c) Rs.28
(d) Rs.32
(e) Rs.64. (2marks)
44.The avg. cost function of a firm is provided as follows:
AC = 450 +
If the price for 1 unit of output is Rs.500, the number of units the firm must sell to break-even is
(a) 95 units
(b) 100 units
(c) 190 units
(d) 200 units
(e) 250 units. (2marks)
45.The total cost function of a firm is provided as TC = 500 – 2Q + 3Q2. If the current output is
5 units, avg. cost is
(a) Rs.110
(b) Rs.111
(c) Rs.112
(d) Rs.113
(e) Rs.114. (2marks)
46.A producer produces 200 units of a commodity by spending Rs.1,50,000. He expects an increase in
demand and produces 100 more units. If his total expenditure for producing 300 units is Rs.3,80,000,
what is the marginal cost per unit?
(a) Rs.2,300
(b) Rs.3,800
(c) Rs.1,500
(d) Rs. 500
| Earning: Approval pending. |
