Education and Career Forum

Hi
Please provide me micro economics questions for MBA 1st year that are generally asked in Exams.
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1)Explain why the intersection of the average variable cost curve and the marginal cost curve is the point of minimum average variable cost.

2)Suppose that no economies or diseconomies of scale exist in a given industry. What will the firm’s long-run average and marginal cost curves look like?

Would you expect firms of different sizes to be able to compete successfully in such an industry?

3)Why would you expect that all firms would eventually encounter diseconomies of scale? Why might it be irrelevant that some firms will eventually encounter diseconomies of scale?

4)Suppose that the government imposes a $100 tax on all businesses, regardless of how much they produce. How will the tax affect a firm’s short-run cost curves? Its short-run production?

5)Suppose that the government imposes a $1 tax on every unit of a good sold. How will the tax affect a firm’s short-run cost curves? Its short-run output?

6)Suppose that interest rates fall. How will managers’ incentives be affected, and how will the firm’s cost structure be affected?

I Hope this will help ?