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ECO402 Current Final Term Papers Fall 2019 (15 to 26 February 2020) & All Solved Past Papers, Solved MCQs & Helping Material

ECO402 Current Final Term Papers Fall 2019 (15 to 26 February 2020) & All Solved Past Papers, Solved MCQs & Helping Material

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ECO402 Current Final Term Papers Fall 2019 (15 to 26 February 2020)

Eco402
Most of paper will be come from last chapter 30 to 35 nd 39 to 43
Monopolistic, perfectly competitive, monopoly, equation, differences b/w monopsony nd perfectly competitive with equation of both
MCQS jitny b thy sry lectures sy thy bhtr yhi ho ga ky lecture read kry. Zda mcqs 30-35sy 39-43 lectures mai sy aye or kxh basic mcqs 21 sy 26 sy aye
Best of luck.

eco402

lecture 21-26, 30-35, 39-43 = 17 lectures hi inculede in final mein.

ECO402    21-2-2020    FINAL TERM    MEMON

 

50 question 40 mcqs 10 subjectives, 3*5,5*5

Mcqs

Perfect competitive firm, 3 questions about graphs, formulas, lerner’s index formula, learning curve formula, profit formula, price discrimation(1st, 2nd, 3rd) , tax, cournot model, bertrand model, kinked demand, dominant firm, labor wages, monopoly power, surplus , 1 graph was of competitive firms short rin supply curve. And few more. In short they touched every topic.

 

Subjective are giving below.

èQ: Suppose a firm is employing two inputs labor and capital; capital is fixed and firm is changing only labor input to maximize its profits. What will be the firm decision regarding hiring of labor in order to maximize its profits in the following situations? (5 marks)

 

Situations

Decision regarding labor (Increase/Decrease/Constant)

Marginal revenue product of labor (MRPL) is greater than wage rate.

 

?   

Marginal revenue product of labor (MRPL) is less than wage rate.

 

?    

Marginal revenue product of labor (MRPL) is equal to the wage rate.

 

?     

 

èWhen an oligopolistic market is in Nash equilibrium?

 

èWhat will be the elasticity of short run industry supply curve in the following situations?

  1. Industry is fully utilizing its plant and equipment and new plants must be built to get more output.
  2. Marginal costs of producing output are constant.

(Marks: 2.5+2.5)

 

èConsider the following graph for flour manufacturing firm and answer the given questions:

 

  1. In which market structure, this firm is operating and why?
  2. Is this firm making profit or loss? Explain logically.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         (Marks: 2+3)

 

èWhat will be the profit maximizing condition in third degree price discrimination? 3 marks

 

èConsider two telecom companies; PTCL and Wateen in telecommunication market. Calculated values of Elasticity of demand are -1.5 for PTCL, -3 for Wateen. Identify and explain which firm has relatively more monopoly power as compared to other. 3 marks

 

èSuppose government has imposed excise tax on the monopolist.  What will be the impact of excise tax on price, marginal cost and output of monopolist? (5 marks)

 

èExplain third degree price discrimination with the help of an example. When third degree price discrimination is feasible?

                                                            (Marks: 3+2)

 

èone was to calculate TR , Q, TC, AND P was given in a table. 6 calculations, each of 0.5 marks   (3 marks)

 

 

 

 

 

ECO402%20%20%202020%20final%20term.docx

graph didnt came in the text so sharing in the word file

best of luck!

if u fine my post helpful plz try to share your papers to, 1 of the 5 mark question of MRPL i fond on 2018 paper whish was share by a student, i did that 30 min before my paper, befor that i have left that topic untouched. that is y im sharing my  paper to all of you.

Eco402%20final%20term%20question.docx

few past final term question solved

Eco402%20solved%20questions.docx

unsolved past questions

Eco402%20FAQS.docx

only highlighted topics are included in exam.

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