Q1. Calculate cross price elasticity.
Qd of good A
Price of good B
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