Principles of Microeconomics I
Lekima Nalaukai
EC102
Semester II, 2016
Tutorial 6 Suggested Solutions
Part A: MULTIPLE CHOICES. Choose the one alternative that best completes the statement or
answers the question.
1) Total fixed cost is the sum of all
A)

Principles of Microeconomics I
EC102
Lekima Nalaukai
Semester II, 2016
Tutorial 7 Suggested Solutions
Part A: MULTIPLE CHOICES. Choose the one alternative that best completes the statement or
answers the question.
1) The unregulated, single-price monopoly

Principles of Microeconomics I
EC102
Lekima Nalaukai
Semester II, 2016
Tutorial 11 Suggested Solutions
Chapter 8
Part A: MULTIPLE CHOICES. Choose the one alternative that best completes the statement or
answers the question.
1) Which of the following is t

Principles of Microeconomics I
EC102
Lekima Nalaukai
Semester II, 2016
Tutorial 9 Suggested Solutions
Chapter 17
Part A: MULTIPLE CHOICES. Choose the one alternative that best completes the statement or
answers the question.
1. Because of the income effec

Principles of Microeconomics I
Lekima Nalaukai
EC102
Semester II, 2016
Tutorial 12 Suggested Solutions
Chapter 11
Part A: MULTIPLE CHOICES. Choose the one alternative that best completes the statement or
answers the question.
1. Discrimination by customer

Principles of Microeconomics I
EC102
Lekima Nalaukai
Tutorial 10 Suggested Solutions
Chapter 9
II,Semester
2016
Part A: MULTIPLE
CHOICES
. Choose the one alternative that best completes the statement or
answers the question.
1. A private cost is a cost of

HOW TO DERIVE MARGINAL REVENUE:
The total revenue (TR) received from the sale of Q goods at price P is given by TR = PQ. Based on the
total revenue we can obtain another key concept: marginal revenue. Marginal revenue (MR) can be
defined as the additional