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ECO402 Microeconomics- Final Term Papers Spring 2012 -Date 16-July to 27-July
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Permalink Reply by Yasmeen(S.admin) on -
total question 64.
56 mcq's 4 ques 3 marks k n 4 ques 5 marks.if the owner of a small manufacturing company writes its own account book. then how will you measure its opportunity cost? 3 marks
1) if the monopolistically competitive market becomes a competetive market, then what will the effects on price level?
2) should the monopolistically competitive market be regulated? why? (2+3)if a company is monopoly then what will the relation between supply input and marginal expenditures? with an example.
5 marks.
if the price falls then briefly discuss the two effects of price falls. 5 marks. -
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Permalink Reply by Yasmeen(S.admin) on
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otal marks = 86
Time = 120minsTotal Questions = 56 MCQ’s + 8 Subjectives( 4 of 3marks and 4 of 5 marks)
MCQ’s were almost all new and very much time taking as the options were in complete sentences.
Prepare the formulas well.
One question was to find the price by applying the rule of thumb formula with elasticity..5marks
what are externalities…… snob and bandwagon effect with examples..5marks
One question was from last 2 chapter about factors relation with the cost..5marks
Marginal revenue and cost pay aik question tha..5marks
cartel ka organizations ko kya benefit hota hai..3 marks
aik question mein equation poochi gaye thein..3marks -
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BS(CS)Permalink Reply by Nosheen on -
total question 64.
56 mcq's 4 ques 3 marks k n 4 ques 5 marks.
if the owner of a small manufacturing company writes its own account book. then how will you measure its opportunity cost? 3 marks
1) if the monopolistically competitive market becomes a competetive market, then what will the effects on price level?
2) should the monopolistically competitive market be regulated? why? (2+3)
if a company is monopoly then what will the relation between supply input and marginal expenditures? with an example.
5 marks.
if the price falls then briefly discuss the two effects of price falls. 5 marks. -
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Permalink Reply by Yasmeen(S.admin) on
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ECO402 Final Term 16 July 2012 session =1 8:00 pm
56 MCQ’s 8 long Questions.
Personage Group …
Q1. Formula’s Lerner’s index monopoly power and the rule of thumb.
Q2. How can affirm check that it’s advertising-to-sales ratio is not too high or too low? What information does it need?
Q3. Difference between competitive and non-competitive markets. With examples?
Q4. Cournot and Bertrand models?
Q5. Why a monopolist produces a lower output than a competitive industry produces, even though both maximize profit by producing a point where MC=MR?
Q6. How does tying differ from bundling? Why might a firm want to practice tying?
Q7. In which market structure produces have to consider rival’s response while choosing output and price? Write down the characteristics of market structure?
Probably
Return $
0.2
100
0.4
50
0.4
-25
Q8. Find the expected value of Uncertain Investment?
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Permalink Reply by Yasmeen(S.admin) on
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88 marks
56 mcqs 12-15 came from past papers
4 ,3 marks question
4 ,5 marks questions
Write down the formulas of Lerner’s index of monopoly power and the rule of thumb for pricing. 3
Explain the concept of intertemporal price discrimination with the help of examples. 3
Explain the concept of risk neutral person with the help of diagram. 3
Write down examples of upward sloping market supply of inputs. Can market supply curve for labor be other then upward sloping shape? If yes, then of what shape it can be? 3
Define two-part tariff. Also give examples to support your answer. 5
What do the Cournot and Bertrand models have in common? What is different about the two models?5
Why do some firms have considerable monopoly power and others have little or none?5
What is meant by network externalities? Also explain snob effect and bandwagon effect with the help of examples.
(Marks: 2+3) -
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Permalink Reply by Yasmeen(S.admin) on
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Total 64 Question.
56 MCQS all new........
4*3 marks Question.
4*5 marks Question.
Subjective questions are here:
1. What is monopoly.What are its characteristics?
2. What factors are necessary for the successful cartelization?
3.Which cause the shift in demand curve and supply curve?
4. Why monopolist operated at average output as compared to its competitors at MC equals to MR? marginal cost and marginal revenue.
5. One question about two part tariff.
6. One question about quantity demand and price.Values were given.
6. What is the difference between point elasticity and arc elasticity? -
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