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ECO401 ALL Current Mid Term Papers & Past Final Term Papers at One Place from 03 June 2017 to 14 June 2017

ECO401 ALL Current Mid Term Papers & Past Final Term Papers at One Place from 03 June 2017 to 14 June 2017

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Eco401
Q1. Calculate cross price elasticity.
Qd of good A
1. 90
2. 150
Price of good B
1. 12
2. 16
Q2. Difference b/w total utility and marginal utility.
Q3. Books, cost=300, benefit(su)=15
Charity, cost=300, benefit(su)=22
Now ali want to buy a book. You have to answer that will ali buy book? Why?
Q4. Calcute the Qd and Qs (1000-200P) and(300+150P), p=3.
and also tell is it condition of shortage or surplus?
Q5.use isoquant analysis and draw a graph at optimum consumptions of factors of production

ECO401 By Rida Malik‎

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My today subjective paper 06 June, 2017

1. Ahmad is offered a job of an accountant at two cities, one in Lahore and other in Faisalabad. Following table shows the cost & benefit analysis of both jobs. Calculate Net benefit of each job and state which job is more suitable for Ahmad. (3 marks)

 

Benefit (Salary)

Cost (transportation)

Job in Lahore

15,460

2,255

Job in Faisalabad

20,580

9,634

2. Differentiate between Average Physical Product(APP) and Marginal Physical Product(MPP) with the help of their formula’s? (3 marks)

3. Following figures shows the Production Possibility Curve for the two goods rice &Cotton. Interpret what do the point C, X, & Z shows? (5 marks) es k nechy aik line graph diya howa tha... 


4. Given the Total Utility function, TU = 6Q-4Q2, Complete the following table. (5 marks)

Output(Q)

Total Utility (TU)

1

?

2

?

3

?

4

?

5

?

5. A demand function is given by Qd = 400-0.5Y for an inferior good, where Y is total Income, Calculate Quantity Demanded (Qd) at following Income levels? (5 marks)

Income(Y)

Quantity demanded (Qd)

100

?

150

?

200

?

250

?

300

?

 

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