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ECO401 ALL Current Mid Term Papers & Past Final Term Papers at One Place from 12 August 2017 to 24 August 2017

ECO401 ALL Current Mid Term Papers & Past Final Term Papers at One Place from 12 August 2017 to 24 August 2017 

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ECO401 Economics paper 13 aug 2017
Question no 01: Difference between Monopoly of power and Price elasticity of demand? (Marks 03)
Question no 02: Difference between Average Variable cost and Average fixed cost with help of their formulas? (Marks 03)
Question no 03: Difference between Discounting and Discount rate? (Marks 03)
Question no 04: how can we measure unemployment rate in an economy? (Marks 03)
Question no 05: Recall the equation of Quantity Theory of Money, and calculate the missing figures in each of the following case; (Marks 03)
Velocity of Money(V) = 10, Output(Q) = 500, Price level(P) = 5
Question no 06: Discuss prisoner’s dilemma in game theory? (Marks 05)
Question no 07: Data of disposable income and consumption for a hypothetical economy is given in table. Calculate avg. Propensity at each level of income? (Marks 05)
Disposable Income (Yd)
Consumption (C)
Avg. Propensity to consumer
350
340
?
400
380
?
450
420
?
500
460
?
550
500
?

Question no 08: Recall equation of Quantity theory of money, and calculate missing figures; (Marks 05)
a) Money Supply (M) = 200, Velocity of money (V) = 7, Output (Q) = 700
b) Money supply (M) = 150, Velocity of money (V) = 3, Price level (P) = 3
Question no 09: Suppose a Firm A produce yarn from cotton and sells it for Rs. 400,000/- to Firm B. Firm B buys this Yarn and then process it to manufacture cloth of worth Rs. 600,000/- and sells it to Firm C. Firm C buy this cloth and prepare readymade suits and sells to the consumer Rs. 850,000/-. From this Information calculate the Gross Domestic Product by value added method? (Marks 05)
Question no 10: Following table show data of output, price and total revenue. Calculate the Avg. Revenue? (Marks 05)
Output (Q)
Price (P)
Total Revenue
Avg. Revenue
1
80
80
?
2
70
140
?
3
60
180
?
4
50
200
?
5
40
200
?

Mcqs:40 some were from past papers & some are conceptual.
Discuss maximax strategy of goal theory. 3 marks
Explain Total revenue curve position by drawing a graph 3 marks
Explain invisible hand concept 3 marks
Differentiate cylical and technological unemployement 3 marks
Differentiate b/w fixed and floating exchange rates? 3 marks
Data given Find AVC 5marks
Data given find growth rate of per capita income 5 marks
Discuss 3 falws in GDP 5 marks
Find profit maximizing output level using MR & MC 5 marks
Discuss 2 conditions of Price Discrimination 
5 marks

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