Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy

Suppose a profit maximising monopolist is producing 800 untis of output and is charging a price of Rs. 40 per unit. If the elasticity of demand for the product is -2. marginal cost of the last unit produced is _________

1

10

2

-400

3

-2

4

20

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