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ECO404 Current Final Term Papers Fall 2011 ( 03 Feb to 16 Feb 2012 )

ECO404 Current Final Term Papers Fall 2011 ( 03 Feb to 16 Feb 2012 )

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Please Share your Current Papers Questions/Pattern here to help each other. Thanks

Had Ec0's paper today... Pattern as far as i remember: 56 or 57 mcqz 4 qz of 5 marks 4 qz of 3 marks Long qz,Public goods (5) A q from Behavioral theory (5) One q was about Costs of production,Analysis and reasons for change in historical n current costs(5) why firms produce more than one product )5) Risk attitudes (3) Change in demand cuvre factors (3) Transfer pricing (3)Marris model assumptions (3)

ECO 404 Final Term Paper on 10 Feb 2012

My ECO 404 Paper 10/02/2012
question 56 Mcq’s and 8 Subjective total 64
Q.No1:- Define Finitely repeated games & Infinitely repeated games Marks 3
Q.No 2:- briefly describe Risk attitude 3 Mark
Q.No3:- calculate profit Function following data given 3 Mark
Qd=120-15p and P=90-0.5Q
TC=50+3Q
Q.No 4:- Price Discrimination and types describe in detail 5 Mark
Q.No 5:- characteristic of Firm and what is main objective of firm 5 Marks
Q.No 6:- Calculate Profit Function from below data 5 Mark
P=430-0.05Q
TC=3000+45Q+0.03Q2
Q.7 :- Assumption of neoclassical theory 5 Mark
QNo8:- Cost of Capital & Cost of Debt 5Mark
important to note price discrimination aur Game theory main say mcq's zayada thay so please read these chapters

MCQ’s are difficult
1:-In Q =In A + a In K + b In L. This is the logarithmic form of:
Select correct option:

Investment function
Cobb Douglas production function page(94)
Simple production function
Regression function
2:- Inputs that are Fixed during the production process are known as -------- inputs.
Select correct option:

Fixed
Variable
Good
3:- No Cash is define in
implicit cost
4:- In which of the following games, players decide about their strategy choices at the same time?
Select correct option:

Repeated games
Non-repeated games
Simultaneous games
Sequential games
5:-Public utilities are an example of:
Select correct option:

Perfect competition
Natural monopoly
Monopolistic competition
Oligopoly

6:- Question # 11 of 20 ( Start time: 06:11:25 PM ) Total Marks: 1
Y = 3.35 + 2.63X shows slop in this regression equation
Select correct option:

2.63
3.35
4.5
2.5
7:- GNP=C+I+G equation is
Definitional Equation
Behavior equation
8:- Cigarettes are an example of which type of market structure?
Select correct option:

Perfect competition
Monopoly
Monopolistic competition
Oligopoly
9:- Which of the following is TRUE for the law of supply'? :
Select correct option:

There is inverse relationship between the price of a good and quantity demanded of that good
There is positive relationship between the price of a good and quantity demanded of that good
There is positive relationship between the price of a good and quantity supplied of that good
10:-There is inverse relationship between income and quantity supplied of a good
Decreasing part of marginal product of labor curve shows which of the following law?
Select correct option:
Law of diminishing returns
Law of diminishing marginal utility
Law of demand
Law of supply

Difference between PERFECT COMPETITION and MONOPOLY

Simultaneous games and Sequential games

DEGREES OF PRICE DISCRIMINATION

MEASURING RISK WITH PROBABILITY DISTRIBUTIONS

CAPITAL BUDGETING PROCESS

PAYBACK PERIOD

Question # 1

Game which is played repeatedly over a period of time is known as:

Select correct option:

Repeated game

Non-repeated game

Simultaneous game

Sequential game

Question # 2

The questionnaires which include answers like Yes or No are called:

Select correct option:

Open ended questionnaires

Closed questionnaires

Good questionnaires

Question # 3

Change in slope of the function can be shown by:

Select correct option:

First derivative of the function

Second derivative of the function

Elasticity of the function

Tangent of the function

Geometrically, the derivative refers to the slope of the function, while the second derivative

refers to the change in the slope of the function. The value of the second derivative can thus be

used to determine whether we have a maximum or a minimum at the point at which the first

derivative (slope) is zero.

The rule is if the second derivative is positive, we have a minimum, and if the second derivative is negative, we have a maximum.

Question # 4

The questionnaire which allows the respondents to answer according to their own choice is called:

Select correct option:

Open ended questionnaire

Closed questionnaire

Good questionnaire

Question # 5

Break even output can be calculated as:

Select correct option:

Break even output = Total fixed cost / (Price – Average variable cost)

Break even output = Total variable cost / (Price + Average variable cost)

Break even output = Total fixed cost / (Price + Average fixed cost)

Break even output = Total fixed cost + (Price – Average variable cost)

Question # 6

Percentage change in profit due to one unit change in sales is known as:

Select correct option:

Degree of operating leverage

Economies of scale

Degree of freedom

Cost elasticity

Question # 7

Decreasing part of marginal product of labor curve shows which of the following law?

Select correct option:

Law of diminishing returns

Law of diminishing marginal utility

Law of demand

Law of supply

Question # 8

What will happen if there is an increase in wage rate?

Select correct option:

Short run cost curve will shift upward

Short run cost curve will shift downward

There is movement along the short run cost curve

No change will happen in the cost curve

Any change in the operating environment leads to a shift in short-run cost curves. For example,

a general rise in wage rates leads to an upward shift; a fall in wage rates leads to a downward

shift.

Question # 9

The term of regression was first used by:

Select correct option:

Milton Friedman

Francis Galton

Dominick Salvatore

J M Keynes

Question # 10

Monopoly firm breaks even at the point where:

Select correct option:

Average total cost = Price

Average total cost > Price

Average total cost < Price

Average total cost = Marginal cost

If ATC = P at best level of output, the monopolist breaks even,

and if ATC > P at the best level of output, the monopolist incur a loss.

Question # 11

Which of the following is the similarity of monopolistic competition with perfect competition?

Select correct option:

Small number of buyers and sellers

Free entry and exit of firms

Barriers to entry and exit of firms

Question # 12

Price always exceeds marginal revenue in which of the following market structures?

Select correct option:

Perfect competition

Monopoly

Monopolistic competition

Oligopoly

Given a downward sloping monopoly demand curve, price always exceeds marginal revenue

under monopoly

Question # 13

Given the total revenue equation: TR = 26Q, marginal revenue is:

Select correct option:

Q

26Q

26

26 + Q

Question # 14

Which of the following type of demand directly satisfy consumer desires?

Select correct option:

Direct demand

Indirect demand

Derived demand

Market demand

Direct demand : This model is appropriate for analyzing individual demand for goods and services that directly satisfy consumer desires. This is also labeled as consumer demand

Question # 15

Marginal product of labor is defined as the:

Select correct option:

Change in total product due to one unit change in labor

Change in average product due to one unit change in labor

Change in total product due to one unit change in average product

Change in total product due to one unit change in cost of labor

Question # 16

Average product of labor is defined as the:

Select correct option:

Total product / Labor input

Average product / Input

Total product / Average product

Total product / Cost of labor

Question # 17

Cournot oligopoly model was developed in:

Select correct option:

1830

1838

1840

1845

Cournot oligopoly model                    1838

BERTRAND MODEL:                        1883

Stackelberg Model                              1934

Sweezy (Kinked-Demand) Model      1939

Question # 18

If price elasticity of demand for any product is constant, the demand curve of that product will be:

Select correct option:

Horizontal

Vertical

Rectangular hyperbola

Positively sloped

Some demand curves have constant elasticity; the Demand curve assumes the shape of a

rectangular hyperbola

Question # 19

Parameters of structural equations can not be estimated by -------------------- technique.

Select correct option:

Ordinary least square

Root mean square error

Simultaneous equation

Behavioral equation

we cannot use the ordinary least squares technique (OLS) to estimate the parameters of the structural equations

Question # 20

The total cost (TC) function is given as: TC = 200 + 80Q. What is the variable cost?

Select correct option:

80Q

250

340

200

.

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