Download App

Non-Competitive Markets — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsNon-Competitive Markets4 Marks
Question
What change in total revenue will result in (1) a decrease in marginal revenue, and (2) an increase in marginal revenue?
✓

Answer

  1. An increase in total revenue at a diminishing rate or a decrease in total revenue will result in a decrease in marginal revenue.
  2. An increase in total revenue at an increasing rate will result in an increase in marginal revenue.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "4 Marks Question" from Non-Competitive Markets→Non-Competitive Markets — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Complete the following table:
Output

(Units)		 Total variable cost

(Rs.)		 Average variable cost

(Rs.)		 Marginal cost

(Rs.)
1 - 12 -
2 20 - -
- - 10 10
4 40 - -
→
Explain the effect of the following on demand for a good:
  1. Rise in Income for Normal Goods.
  2. Rise in Income for Inferior Goods.
→
Convert the following inclusive class interval into exclusive class interval.
Inclusive Class IntervalFrequency (f)
0-992
100-1994
200-2995
300-3996
400-4993
500-5995
Total25
→
Perfectly competitive firms are considered as more efficient than monopolies. Do you agree?
→
The price elasticity of demand for a good is – 0.4. If its price increases by 5 percent, by what percentage will its demand fall? Calculate.
→
A consumer spends ₹ 100 on a good priced at ₹ 4 per unit. When its price falls by 25 percent, the consumer spends ₹ 75 on the good. Calculate the price elasticity of demand by the Percentage method.
→
A consumer consumes only two goods $X$ and $Y$. At a consumption level of these two goods, he finds that the ratio of marginal utility to price in case of $X$ is higher than in case of $Y$. Explain the reaction of the consumer through utility analysis.OR
A consumer consumes only two goods $X$ and $Y$ and is in equilibrium, price of $X$ falls. Explain the reaction of the consumer through utility analysis.OR
By spending his entire income only on two goods $X$ and $Y$, a consumer finds that Explain how will the consumer react.$\frac{\text{MU}_\text{X}}{\text{P}_\text{X}}>\frac{\text{MU}_\text{Y}}{\text{P}_\text{Y}}.$
→
Explain with the help of diagrams, the effect of the following changes on the demand of a commodity:
  1. A fall in price of Substitute good.
  2. A fall in price of Complementary good.
→
The supply schedule of a commodity changes as follows:
Price per unit (₹)
A
Quantity supplied initially(units per period)
B
Quantity supplied after (units per period)
1
20
0
2
40
20
3
60
40
4
80
60
5
100
80
  1. Calculate elasticity of supply when price rises from ₹ 2 to ₹ 3, both the cases A and B.
  2. Why do supply elasticity differ in two cases even though absolute change in quantity supplied is 20 units in both the cases?
→
Explain two points of distinction between monopoly and monopolistic competition.
→