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My today's 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

?

 

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