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# ECO401_Share your Current Mid Term Papers Spring 2016 at One Place from 27 May 2016 to 8 June 2016

ECO401_Share your Current Mid Term Papers

Spring 2016 at One Place

from 27 May 2016 to 8 June 2016

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### Replies to This Discussion

My today's paper

Overall paper was easy

Unit elasticity of demand is

e > 1 , e < 1 or e = 1

Calculate the following levels if quantity demanded is Qd=500+0.2Y. Where the total Income is? (5 Marks)

 Income (Y) Levels 100 ? 150 ? 200 ? 250 ? 300 ?

Define with graph?

An indifference curve: line which charts out all the different points on which the consumer is indifferent with respect to the utility he derives. 3

Diffrentiate alongwith formulas: 5 marks

Income Elasticity of Demand the percentage change in quantity demanded with respect to the percentage change in income

Cross-Price Elasticity of Demand percentage change in quantity demanded of a specific good, with respect to the percentage change in the price of another related good.

Calculate the quantity demanded by quadric equation if Qd= 1000-200p

if the price is 3. also explain the result either elastic / inelastic demad? 5 marks

Multiple

Increasing returns to scale:?

Mostly Mcq New and easy not difficult

Subjective

1) Social cost and Marginal social cost?

2) Long Run and Short Run?

3) Funnction are given and Price 2 are also given  calculated Surplus and shortage

4) About Budget Line and Slope and intercept of budget line

5) Discuss Relationship between Price and Total Revenue of Elastic and inelastic demand curve

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