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iim-indore-2025-sxgku
IIM Indore
Commerce 17+ Mins 12 Qs Extempore
Extempore topic
Red is red and blue is blue
The conversation
12 questions- Tell us about yourself. (Introduction)
- What are the different types of cost? Draw and explain the MC and AC graphs.
- Why does the MC curve intersect the AC curve at AC's minimum point?
- Elaborate on Total Cost and use integration to derive TC from MC.
- What are the different market structures?
- What is Marginal Revenue?
- How would you use MR in a perfectly competitive market to maximise revenue?
- What is opportunity cost — is it a value gained or a cost saved?
- How would you find the radius of the Earth using trigonometry without any satellite data?
- If I were to dig a hole through the Earth from this hotel room, where would I end up?
- If I throw a ball into that hole, will it come out on the other side — what will happen?
- Extempore: Red is red and blue is blue
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