Please select a subject first
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Write a short note on the following:
HTTP
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Write a short note on the following:
DNS
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What is protocol in data communication? Explain with an example.
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Write the full form of the following:
SMTP
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Write the full form of the following:
PPP
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What is the use of TELNET?
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Expand the following in the context of Internet Protocol:
POP3
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What is the need for Protocols?
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Define production function.
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Distinguish between short-run and long-run production functions.
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Give one example of negative externalities.
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Giving reasons classify the following into intermediate products and final products:
(i) Furniture purchased by a school.
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Giving reasons classify the following into intermediate products and final products
Chalks, dusters, etc, purchased by a school.
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Explain the concept of a production function.
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A monopoly firm has a total fixed cost of Rs 100 and has the following demand schedule:
|
Quantity |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
|
Price |
100 |
90 |
80 |
70 |
60 |
50 |
40 |
30 |
20 |
10 |
Findthe short run equilibrium quantity, price and total profit. What would be the equilibrium in the long run? In case the total cost is Rs 1000, describe the equilibrium in the short run and in the long run.
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If the monopolist firm of Exercise 3, was a public sector firm. The government set a rule for its manager to accept the government fixed price as given (i.e. to be a price taker and therefore behave as a firm in a perfectly competitive market). And the government decide to set the price so that demand and supply in the market are equal. What would be the equilibrium price, quantity and profit in this case?
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The market demand curve for a commodity and the total cost for a monopoly firm producing the commodity is given in the schedules below.
|
Quantity |
0 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
|
Price |
52 |
44 |
37 |
3 |
26 |
22 |
19 |
16 |
13 |
|
Quantity |
0 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
|
Total Cost |
10 |
60 |
90 |
100 |
102 |
105 |
109 |
115 |
125 |
Use the information given to calculate the following:
(a) The MR and MC schedules
(b) The quantities for which MR and MC are equal
(c) The equilibrium quantity of output and the equilibrium price of the commodity
(d) The total revenue, total cost and total profit in the equilibrium
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Will the monopolist firm continue to produce in the short run if a loss is incurred at the best short run level of output?
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Explain why the demand curve facing a firm under monopolistic competition is negatively sloped.
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What is the reason for the long run equilibrium of a firm in monopolistic competition to be associated with zero profit?
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