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ECO401_Share your Current Mid Term Papers
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Today ECO401 paper.
MCQs were bit tricky
Explain the indifference curve with the help of graph. 3 marks
Differentiate between price elasticity of demand and price elasticity of supply with the help of their formulas. 3 marks
Demand curve is negatively sloped due to two effects, income effect and substitution effect. Differentiate between income effect and substitution effect of a price change. 5 marks
State the law of diminishing marginal utility with the help of an example. 5 marks
Although indifference curve approach is very useful in order to analyze the consumer behavior but still there exist some flaws of this approach. Discuss. 5 marks
Sam thanks for sharing
Your welcome Tariq bhai... :)
My Today ECO 401 Mid Term Paper
Question 1. (3 Marks)
Define Budget line with the help of graph.
Question 2. (3 Marks)
Differentiate between storage and surplus situations.
Question 3. (5 Marks)
Calculate the quantity demanded by quadric equation if Qd= 50-10P+P2
if the price is 2.
Question 4. (5 Marks)
What are the features of Islamic economic system.
Question 5. (5 Marks)
Calculate the following levels if quantity demanded is Qd=500+0.2Y. Where the total Income is?
Paper by faria imran
some mcqs from past papers, some not. only two to three comprised of simple calculations.
indifference curve approach 5 marks
2 questions about price elasticity 3 marks / 5 marks
production possibility, elastic inelastic 3 marks
short run vs long run 3 marks
Time: 12:00 PM
18 Mcqz (conceptual)
1- Find Income Elasticity of Demand? change in Income = 50% and change in Demand is 30% and also tell us which is Elastic or Inelastic? (3)
2- Discuss about Entrepreneurship? (3)
3- Find Equilibrium Quantity and Equilibrium Price? (5)
Qd = 100 - 10P
Qs = 40 + 20P
4- Discuss about Law of Diminishing Marginal Utility? (5)
5- Discuss Production Function with Formula? (5)
Thanks for your Time
koe or paper share kar do???????????
Wednesday Paper 01-06-2016
Time : 07: 30
Q1 Discuss Scarcity
Q2 Discuss Economies of scale
Q3 Demand curve is negatively sloped due to two effects, income effect and substitution effect. Differentiate between income effect and substitution effect of a price change.
Q4 Isoquant(5 marks)
Q5 one Numerical on Cross price elasticity.
Mcqs were repeated or not?