4/5/25, 7:03 AM MBA 651 FINAL EXAM 2025 ACTUAL EXAM COMPLETE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CO…
MBA 651 FINAL EXAM 2025 ACTUAL EXAM
COMPLETE EXAM QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
The supply function: B.
A. describes how much of
good X will be
produced at an alternative
price of good X, given all the
other variables being
constant.
B. recognizes that the quantity
of a good
produced depends on its
price and supply shifters.
C. shows the relationship
between the quantity
supplied of X and variables
other than its price
D. does not include technology.
The demand for good X has -0.6
been
estimated by Q xd =12 - 3Px +
4Py. Suppose that good X
sells at $2 per unit and good
Y sells for $1 per unit.
Calculate the own price
elasticity.
-0.2.
-0.3.
-0.4.
-0.5.
-0.6.
1/47
,4/5/25, 7:03 AM MBA 651 FINAL EXAM 2025 ACTUAL EXAM COMPLETE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CO…
If the price of good X is $10 Cannot tell based on the above information
and the price of good Y is
$5, how much of good X
would the consumer
purchase if her income is
$15?
0.
1.
2.
3.
Cannot tell based
on the above
information.
For the multiproduct cost function C(Q1,Q2)
= 100 + 2Q1Q2 + 4Q12,what is
the marginal cost function for
good one?
A. MC1 = 2Q2 + 4Q1 - Q22.
B. MC1 = 2Q2 + 8Q1.
C. MC1 = 100 + 2Q1Q2 + 4Q12.
D. MC1 = 4Q12 - 2 Q22.
You are a manager in a $40
perfectly competitive
market. The price in your
market is $14. Your total cost
curve is C(Q) = 10 + 4Q +
0.5 Q2. What level of profits
will you make in the short-
run?
$20.
$40.
$60.
$80.
Which of the following is a MC=MR
correct
representation of the profit
maximization condition for a
monopoly?
P = MR.
2/47
,4/5/25, 7:03 AM MBA 651 FINAL EXAM 2025 ACTUAL EXAM COMPLETE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CO…
MC =
MR.
P = ATC +
MR. MR =
MC + ATC.
Which of the following is not a B.
feature of Sweezy
oligopoly?
A. There are two firms in the
market serving many
consumers.
B. The firms produce
homogenous
products.
C. Each firm believes that
rivals will cut their prices
in response to a price
reduction, but will not raise
their prices in response to a
price increase.
D. Barriers to entry exist.
3/47
, 4/5/25, 7:03 AM MBA 651 FINAL EXAM 2025 ACTUAL EXAM COMPLETE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CO…
Consider the following A.
information for a
simultaneous move game: If
you advertise and your
rival advertises, you each
will earn $5 million in
profits. If neither of you
advertise, you will each earn
$10 million in profits.
However, if one of you
advertises and the other
does not, the firm that
advertises will earn $15
million and the non
advertising firm will earn $1
million. If you and your rival
plan to be in business for 10
years, then the Nash
equilibrium is
A. For each firm to advertise
every year.
B. For neither firm to
advertise in early years,
but to advertise in later
years.
C. For each firm to not
advertise in any year.
D. For each firm to advertise
in early years, but not
advertise in later years.
Suppose P = 20 - 2Q is the C.
market demand function for a
local monopoly. The marginal
cost is 2Q. The local
monopoly tries to
maximize its profits by
4/47
MBA 651 FINAL EXAM 2025 ACTUAL EXAM
COMPLETE EXAM QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
The supply function: B.
A. describes how much of
good X will be
produced at an alternative
price of good X, given all the
other variables being
constant.
B. recognizes that the quantity
of a good
produced depends on its
price and supply shifters.
C. shows the relationship
between the quantity
supplied of X and variables
other than its price
D. does not include technology.
The demand for good X has -0.6
been
estimated by Q xd =12 - 3Px +
4Py. Suppose that good X
sells at $2 per unit and good
Y sells for $1 per unit.
Calculate the own price
elasticity.
-0.2.
-0.3.
-0.4.
-0.5.
-0.6.
1/47
,4/5/25, 7:03 AM MBA 651 FINAL EXAM 2025 ACTUAL EXAM COMPLETE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CO…
If the price of good X is $10 Cannot tell based on the above information
and the price of good Y is
$5, how much of good X
would the consumer
purchase if her income is
$15?
0.
1.
2.
3.
Cannot tell based
on the above
information.
For the multiproduct cost function C(Q1,Q2)
= 100 + 2Q1Q2 + 4Q12,what is
the marginal cost function for
good one?
A. MC1 = 2Q2 + 4Q1 - Q22.
B. MC1 = 2Q2 + 8Q1.
C. MC1 = 100 + 2Q1Q2 + 4Q12.
D. MC1 = 4Q12 - 2 Q22.
You are a manager in a $40
perfectly competitive
market. The price in your
market is $14. Your total cost
curve is C(Q) = 10 + 4Q +
0.5 Q2. What level of profits
will you make in the short-
run?
$20.
$40.
$60.
$80.
Which of the following is a MC=MR
correct
representation of the profit
maximization condition for a
monopoly?
P = MR.
2/47
,4/5/25, 7:03 AM MBA 651 FINAL EXAM 2025 ACTUAL EXAM COMPLETE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CO…
MC =
MR.
P = ATC +
MR. MR =
MC + ATC.
Which of the following is not a B.
feature of Sweezy
oligopoly?
A. There are two firms in the
market serving many
consumers.
B. The firms produce
homogenous
products.
C. Each firm believes that
rivals will cut their prices
in response to a price
reduction, but will not raise
their prices in response to a
price increase.
D. Barriers to entry exist.
3/47
, 4/5/25, 7:03 AM MBA 651 FINAL EXAM 2025 ACTUAL EXAM COMPLETE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CO…
Consider the following A.
information for a
simultaneous move game: If
you advertise and your
rival advertises, you each
will earn $5 million in
profits. If neither of you
advertise, you will each earn
$10 million in profits.
However, if one of you
advertises and the other
does not, the firm that
advertises will earn $15
million and the non
advertising firm will earn $1
million. If you and your rival
plan to be in business for 10
years, then the Nash
equilibrium is
A. For each firm to advertise
every year.
B. For neither firm to
advertise in early years,
but to advertise in later
years.
C. For each firm to not
advertise in any year.
D. For each firm to advertise
in early years, but not
advertise in later years.
Suppose P = 20 - 2Q is the C.
market demand function for a
local monopoly. The marginal
cost is 2Q. The local
monopoly tries to
maximize its profits by
4/47
