UGC NET Commerce || Economics || June 2020

Match the items of List-I with items of List-II and indicate the code of their correct matching.

The short-run cost function of a firm is as follows :

Where TC = Total Cost

Q = Physical units of the product of the firm

What would be the level of optimum output?

Short-run demand and total cost functions for a monopoly firm are as under:

Demand function : Q = 100 – 0.2 P

Price function : P = 500 – 5 Q

Cost function : TC = 50 + 20 Q + Q^2

Where Q = Total quantity of the product in physical units.

P = Price of the product per unit

TC = Total cost

What is the profit-maximizing output of the pure monopoly firm?

Match List-I with List-II

Choose the correct option from the following:

The Kinked demand curve model of oligopoly was developed by