ECO404 Past Final Term Papers Subjective Questions

[+ M.Tariq Malik]

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)

[+ M.Tariq Malik]

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