ECO401 Current Mid Term Papers Nov 2011, (Fall 2011)

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Current Mid Term Papers Nov 2011, (Fall 2011)

Current Spring 2011 Papers, May 2011 Papers, Mid Term Spring 2011 Papers, Solved Papers, Solved Past Papers, Solved MCQs

 

[+ M.Tariq Malik]

Meri coleague ka paper
total 32 Ques
28 MCQz
4 long Q
2 Qs 3 marks, and 2 Qs 5 marks
MCQzz almost past aur elasticity, Price descrimination , demand supply se thy
Qs: Monopoly & Oligopoly mein Profit maximization mein kiya difenrce hai
Q: labor , budget ka numeric question tha
baki yad nahi

[+ M.Tariq Malik]

Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, answer the following questions:
1.What two policies could you use to reduce the total amount of emissions?
2.Why do you think they each would work?
3.What would the benefits of each action be (besides emissions reduction)?
4.What would the costs of each action be?
5.How would you decide what was the best level of emission reduction?

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1. What would be the shape of indifference curve in each of the following?

a. A, B are two brands of the same product, consumer can not tell the difference whether which is good or preferred.

b. X is good and Y is bad like household refuses.?

2)when price discrimantion when it would harmfull and beneficial for public investment?

3)characteristics of oligopoly and monopoly?

4)difference between external economies and external diseconomies? 

few objectives from past papers

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32 questions in all
28 Objectives
Question ( Marks: 1 ) - Please choose one A good for which income and quantity demanded are inversely related is known as: 
Inferior good . 
Complementary good. 
Normal good. 
None of the given options. 

Question No: 33 ( Marks: 1 ) - Please choose one If the current market price is set above the market clearing level then which of the following will happen: 
► There will be downward pressure on the current market price. 
► There will be upward pressure on the current market price. 
► There will be lower production during the next time period . 
► There will be a surplus to accumulate .
There was one another similar question with "current market price set below the market clearing level.


4 Subjective (3, 3, 2+3, 2+3)

Q. Monopoly and elasticity demand curve. (3 marks)

Q. In modern life are firms only acting according traditional theory of firm or they have some other goals as well? (3 marks)

Q. Explain diminishing marginal utility (Labor and Land)
When?
Why?
(not exactly the same but similar question) 

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ECO401-2 DEC 2011

Q1-

What are the effects of price discrimination on the profit and loss of a firm?

• There are certain conditions for price discrimination to hold. Discuss those conditions.

(Marks: 2+3) 
Q2-
A. Derive the equation of budget line. Which part of the equation shows the slope and which part shows the intercept?
B. Which factors cause the shift in budget line and which cause the change in slope of budget line?
(Marks: 3+2)
Q3-
Suppose you are a farmer and you must decide how many times during the year you will plant a new crop. Furthermore, you have to decide how far apart to space the plants. Will diminishing returns be a factor in your decision making? If so, how will it affect your decisions?
Q4-
Differentiate between the shapes of long run total cost curve in case of economies of scale and diseconomies of scale. 

[+ M.Tariq Malik]

Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, answer the following questions:
1.What two policies could you use to reduce the total amount of emissions?
2.Why do you think they each would work?
3.What would the benefits of each action be (besides emissions reduction)?
4.What would the costs of each action be?
5.How would you decide what was the best level of emission reduction? 

[+ M.Tariq Malik]

1. What would be the shape of indifference curve in each of the following?

a. A, B are two brands of the same product, consumer can not tell the difference whether which is good or preferred.

b. X is good and Y is bad like household refuses.?2)when price discrimantion when it would harmfull and beneficial for public investment?
3)characteristics of oligopoly and monopoly?
4)difference between external economies and external diseconomies?
few objectives from past papers 

[+ M.Tariq Malik]

Q:1
why monopolists produce lower quantities at higher prices compared to perfectly competative firms?



Q:2
draw indefference curve for two commodities apples and oranges.


Q:3
(A)

why a marginal revenue and price are equal under perfect competition

(

from information given below
TR=25Q-Q2

calculate marginal revenue and the slop of marginal.

Q:4

If a consumer facing some budget constraint and having many indifference curves then what will be the optimum point where he can maximize his utility? 

[+ M.Tariq Malik]

28 mcqs

3num ka question difference between monopolists and perfectly competition

3number ka product production

5number ka diagram show kya gya tha monopolist ka diagram the us ki explanation karni thi

5number ka capital 250 250 250 250 250 250

labor 10 20 30 40 50 60

tap=20 33.7 43.8 87.8 100 111.7

mpp nikalna tha