today my eco401 papare 32 Q
2 Q for 3 marks and 2 for 5 marks
Q1 what is difference between short run and long run
Q2 what is average variable cost and average fixed cost with formula example
Q3 what is isoquat in the ( num Num bhool gia ) point of equilibrium
Q4 prove that TR= 100Q + Q^2


my campus fellow 2days paper

1 from the info below tr-100q-q2. prove that the slopeof MR is twice steeper than slope of AR curve?

2) describe the equation of budget line. ..a) which part of the equation show slope ans which part show the intercept.
b) which factor cause the shift in budget line and which cause the change in slope of budget line?

3) do u agree that external economics are associated of an industry in a perticular region ?

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4) why the monopolist produce lower quantitiies at higher proces compared to perfectly compitation firms?





MCQs mostly from market srtucture lessons

Q: aik question jiss mien aik graph diya howa tha k horizntl line per Labor aur vertical axis per total production likhi thi ,
pocha geya tha k labore aur total production mein kiya relationship hai?
Q: Profit maximization
Q: monopolists firm mein prices high q hoti hain jab k production sa compair to perfect competitiion kam hoti hai?









Total 32 qs
4 long and 28 mcqs
long qs are folllowing:
1)
Disscuss how monopology can be retained by a monopolists? 3 marks
2)
write equation of cobb dougles production function and narrates its components. 3 marks
3)
How we can achieve optimum combintantion of factors of production? and hw can we achive optimum combination if
mppk/pk> mppl/pl . 5 marks
4)
Why the monopolosists produces lower quantities at higher price compared to perfectly compattitve firms? 5 marks





economist says that when firm earn zero accounting profit , they actually earn normal economic profit why :? 3
Why Marginal Demand Curve not same as Supply Curve in Monopoly. (5 Marks)
define Isoquant and how can its analysis help a firm 5
before starting new business why business man look for better location 3
mcqs was very easy all was from past papers






most of the mcqs from elasticy chapter



Explain the two main theories of production regarding time.5marks


A. What are the effects of price discrimination on the profit and loss of a firm?
B. There are certain conditions for price discrimination to hold. Discuss those conditions. 5marks


Assuming that supernormal profits can be made in the short run in a monopolistically competitive industry; will there be any difference in the long-run and short-run elasticity of demand?3 mark


Why the income consumption curve is often drawn as positively sloped at low levels of income?
3 marks






28) Discuss how monopoly can be retained by a monopolist? (3 Marks)

29) Where a monopolist can invest the profit which he earns? (3 Marks)

30)
A. Why the firm experiences economies of scale and what will be the shape of long run average cost curve in this case?
B. Why the firm experiences diseconomies of scale and what will be the shape of long run average cost curve in this case? (5 marks)

31) Why the income consumption curve is often drawn as positively sloped at low levels of income? ? (5 marks)


Othere questions were (I mean 1 marks questions)
Suppose your local public golf course increases the greens fees for using the course. If the demand for golf is relatively inelastic, you would expect:



► A decrease in total revenue received by the course.

► An increase in total revenue received by the course.

► No change in total revenue received by the course.

► An increase in the amount of golf played on the course.

While moving from left to right, the typical production possibilities curve has:

► An increasingly steep negative slope.
► A decreasingly steep negative slope.
► An increasingly steep positive slope.
► A constant and negative slope.

L-shaped isoquant:
► Indicate that capital and labor cannot be substituted for each other in production.
► Is impossible.
► Indicate that the firm could switch from one output to another costlessly.
► Indicate that the firm could not switch from one output to another.

A perfectly competitive firm maximizes profit by finding the level of production at which:

► Price = Marginal Cost.
► Price = Average Total Cost.
► Average Total Cost = Marginal Cost.
► Price < Marginal Cost.

While moving from left to right, the typical production possibilities curve has:


► An increasingly steep negative slope.

► A decreasingly steep negative slope.

► An increasingly steep positive slope.

► A constant and negative slope.

Which of the following is true in long run equilibrium for a firm in a monopolistic competitive industry?



► The demand curve is tangent to marginal cost curve.

► The demand curve is tangent to average cost curve.

► The marginal cost curve is tangent to average cost curve.

► The demand curve is tangent to marginal revenue curve.

A risk-averse individual has:

► A diminishing marginal utility of income.

► An increasing marginal utility of risk.

► An increasing marginal utility of income.

► A diminishing marginal utility of risk.



This is what i could remember - Enjoy