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Current Mid Term Papers Nov 2011, (Fall 2011)

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


Graphically Explain shapes of isoquants

for perfect substitution

for perfect substitution(3 Marks)


Differentiate implicit and explicit (3 Marks)

Differentiate Qualitative and Quantitative Forecasting (3 Marks)

In what situation, we use engineering techniques (5 Marks)

Numerical Question: Seasonal Trend with 4 years 1st quarter data 

...........Actual Data ... Forecast Data

2004.1     15.63              15

2005.1     20.63              17

2006.1     21.72              19

2007.1     23.65              21






Some MCQs.. from the following

1. Holding all other things constant (ceteris paribus

2. Total Cost = Fixed + Variable

3. Time series data can be represented as:

Yt = f(Tt, Ct, St, Rt)

Yt = actual value of the data at time t

Tt = trend component at t

Ct = cyclical component at t

St = seasonal component at t

Rt = random component at t



Multicollinearity: Two or more explanatory variables are highly correlated.

Heteroskedasticity: Variance of error term is not independent of the Y variable.

Autocorrelation: Consecutive error terms are correlated.

I had Eco'z paper today


27 total Qz

22 WERE MCQZ,mostly frm Regression,elasticity,and last lectures

 Theory Qz were Forecasting Note(3)

Lagrangian equation and partial  derivatives (5)

To mazimize the function Q=f(l,k) c= W+rk How w.r.t Lagrangian eq (3)

Calculating Average trend of different quarters(5)

EXpansion path (3)

ok it was 22 mcqs

3 question of 3 marks
2 q of 5 marks
one q was abt learning curve its explanation and diagram 5 marks
a numerical of 5 mark where to find forecasting for 2011 and 2015 of some firm
 a 3 mark q where to explain demerits of moving average
one more q of 3 mark was to explain demerits of something which i forget may be of exponential smoothing not sure
and one q i forget completly
mcqs r very easy if u just read all the lectures u can attempt all 22 mcqs just reading all lecture can be very beneficial
mcqs were frm lec 6 to 20
i thing lectures about forecasting and regression are very imp and also the elasticity

hi nadia

i am shahbaz

from vu

i nee eco404 guidence from you if you can help me mail me on shahbaz.4499@gmail.com


Dear Shahbaz,

Please share your Quiz. I will share my Quiz too soon in my thread ECO404 Quiz

Please save your LMS Quiz in future and share on this forum or email me at adnanunos@yahoo.com.

I did not found a single MCQ paper on internet of this subject.

I will share my and my friend Quiz to you too.

Procedure for saving your Quiz (Quickly)

when you are on Quiz screen then press Print Screen button and paste into MS word and so on. Question will be saved in less then 2 seconds.

I'll share my quiz files as well....I prefer saving questions in notepad ,later on it can be easily edited and solved for exam preperation.

OK thanks its better way to save MCQs Quiz.

Here is my Quiz, Please Share your Quiz too. I will be waiting.

Quiz No. 3 ECO404


Question # 1 of 10 ( Start time: 02:39:58 PM ) Total Marks: 1

Multiple equation econometric models consist of:

Select correct option:

            Equalities only

            Identities only

            Behavioral equations only

            Both Identities and behavioral equations


Question # 2 of 10 ( Start time: 02:40:51 PM ) Total Marks: 1

Profit is maximized where:

Select correct option:

            Marginal revenue = Marginal cost

            Marginal revenue = Average cost

            Marginal cost = Average revenue

            Average revenue = Average cost


Question # 3 of 10 ( Start time: 02:42:05 PM ) Total Marks: 1

If a firm takes opinion of different individuals for the purpose of forecasting, this is known as:

Select correct option:

            Personal insight approach to forecasting

            Panel consensus approach to forecasting

            Delphi approach to forecasting

            Time series analysis


Question # 4 of 10 ( Start time: 02:43:17 PM ) Total Marks: 1

Fluctuations should be random. It is the requirement of which of the following technique(s)?

Select correct option:

            Moving average technique only

            Exponential smoothing technique only

            Both moving average and exponential techniques

            Barometric technique


Question # 5 of 10 ( Start time: 02:44:32 PM ) Total Marks: 1

Non-price determinant of supply includes:

Select correct option:

            Prices of other goods or services

            Input prices

            Weather conditions

            All of the given options


Question # 6 of 10 ( Start time: 02:45:31 PM ) Total Marks: 1

If the percentage change in profit is Rs. 400 and percentage change in sales is Rs. 100 then what will be the degree of operating leverage?

Select correct option:







Question # 7 of 10 ( Start time: 02:46:43 PM ) Total Marks: 1

Given the Cobb Douglas production function: Q = ALaKb There will be decreasing returns to scale if:

Select correct option:

            a + b > 1

            a + b < 1

            a + b = 1

            a + b = 0


Question # 8 of 10 ( Start time: 02:47:37 PM ) Total Marks: 1

Y = a + bX + e "b" shows ----------------- in this regression equation.

Select correct option:






Question # 9 of 10 ( Start time: 02:49:01 PM ) Total Marks: 1

Given the marginal cost function, MC = 5Q2 – 10Q + 50, what is dMC/dQ?

Select correct option:

            5Q + 50

            10Q - 10

            10Q + 50

            5Q – 10Q


Question # 10 of 10 ( Start time: 02:49:44 PM )            Total Marks: 1

In which of the following cases, cost elasticity will be more than one?

Select correct option:

            When percentage change in cost is less than the percentage change in output

            When percentage change in cost is greater than the percentage change in output

            When percentage change in cost is equal to the percentage change in output

            When percentage change in cost is less than the percentage change in input




Dear Sis, I am waiting for your Quiz. Plz share your quiz 3 and 4


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