subjective questions are ECO 404......
deffirence between positive and negative externaity (3)
difference between finity repeated and infinity repeated games(3)
why firm produce more than one products
define capital rationing and why the practice of capital rationing are in use
define price discrimination give example of situation of price discriminations
calculate unknown variations from the data its numerical
like this : year sale (y) estimated line of regression
1 20 19.5
2 18 14.6
The paper had 56 MCQs, 4 short Questions of 3 marks each and 4 Short Questions of 5 marks
each…!!! Total Marks 88…!!!
Q1. Differentiate between Pure and Differentiated oligopoly? (3 Marks)
Q2. Calculate profit Function following data given? (3 Marks)
Qd=120-15p and P=20-0.5Q
TC=50+3Q
Define Investment Opportunity Schedule and Marginal Cost of Capital? (3 Marks)
Q3. Average cost/unit of the firm in 2009 was 500 and 460 in 2010. Find Learning Rate? (3
Marks)
Q4. Write characteristics of Stachelberg Oligopoly model? (5 Marks)
Q5. Why forms produce more than one product? (5 Marks)
Q6. Data was provided: (5 Marks)
Probability Cash Flow
Boom 0.25 500
Normal .050 400
Recession 0.25 300
a.) Find Expected Value of Firm?
b.) Find Standard Deviation?
Q7. Given: Z=f(l,k) + λ (c*-Wl+rk) Find Partial Derivative of L,K, λ with respect to Z. (5 marks
ECO404
22 MCQs
implicit cost is opportunity cost?? explain with Example....3marks
homogenous productionn function ..... 3 marks
interpret following Regression Equation...3 marks
yt = 9.5 + 3.65Xt
yt= sales quanitity
Xt = advertising cost
Find Production cost of the function...5
P = 430 + 50Q
TC = 3000 + 45Q + 0.03Q2(square on Q)
another question from production function dnt remembr exactly asking aby he marginal change in
Q= f(L,K)....5mark
16-Jul-2012
Zufi
Final paper of Eco404
There were 64 Qz
Q: difference between cost of capital and cost of debt? 5marks
Q: criticism on william’s managerial utility? 5 marks
Q: solve the regration equation St=105.3(1.464)
2
for the base year 1991
and find for 2011 and 2015? 5 marks
Q: Write down the elements of Game theory? 5 Marks
Q: describe the flaws of customer Clinic Approach? 3 Marks
Q: Difference between replacement and cost reduction investment? 3
Marks
Q: Slope of Average cost AC=400Q
3
+463Q
2
/Q+12Q+10? 3marks
Q: describe the marri’s model? 3 marks
MCQz ware easy and 3 to 5 were from midterm.
Managerial Economics (ECO404) Final Term Paper Spring 2012 Virtual University
1
ECO404 Final Paper July 16
th
, 2012.
The paper had 56 MCQs, 4 short Questions of 3 marks each and 4 Short Questions of 5 marks
each…!!! Total Marks 88…!!!
Q1. What is Expansion Path and what are the points on Expansion path? (3 Marks)
Q2. Differentiate between Centralized Collation and Market Based Collation? (3
Marks)
Q3. What is the criticism on Maris Model of growth? (3 Marks)
Q4. Differentiate and discuss Risk and Uncertainty? (3 Marks)
Q5. Consider the following information of the firm:
Total fixed cost = Rs.250
Price level = Rs. 15
Average variable cost = Rs. 5
Target profit level = Rs. 150
From this information, calculate the break even level of output and target level
of output? (5 Marks)
Q6. What are the Assumptions of Neo-Classical Theory? (5 Marks)
Q7. Why decision making is complicated in oligopoly as compared to other market
structures? Discuss? (5 Marks)
Q8. Differentiate Cost of Capital and Cost of Debt? (5 Marks)
Solution to Q5.
(1)
QB = TFC
P – AVC
= 250
15 – 5
= 25
(2)
QT = TFC + ∏T
P – AVC
= 250 + 150
15 - 5
= 40 Managerial Economics (ECO404) Final Term Paper Spring 2012 Virtual University
2
ECO404 Final Paper July 16
th
, 2012.
The paper had 56 MCQs, 4 short Questions of 3 marks each and 4 Short Questions of 5 marks
each…!!! Total Marks 88…!!!
Q1. Differentiate between Pure and Differentiated oligopoly? (3 Marks)
Q2. Calculate profit Function following data given? (3 Marks)
Qd=120-15p and P=20-0.5Q
TC=50+3Q
Define Investment Opportunity Schedule and Marginal Cost of Capital? (3 Marks)
Q3. Average cost/unit of the firm in 2009 was 500 and 460 in 2010. Find Learning Rate? (3
Marks)
Q4. Write characteristics of Stachelberg Oligopoly model? (5 Marks)
Q5. Why forms produce more than one product? (5 Marks)
Q6. Data was provided: (5 Marks)
Probability Cash Flow
Boom 0.25 500
Normal .050 400
Recession 0.25 300
a.) Find Expected Value of Firm?
b.) Find Standard Deviation?
Q7.Given: Z=f(l,k) + λ (c*-Wl+rk) Find Partial Derivative of L,K, λ with respect to Z. (5
Marks)
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