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CS402 Current Final Term Fall 2013 Shared by Sonu File 6



Total Questions = 52 of Total 80 Marks
Total MCQ = 40 Each of 1 marks
Total Short Questions = 4 Each of 2 marks
Total Short Questions = 4 Each of 3 marks
Total Long Questions = 4 Each of 5 marks
1.why there is no supply curve under condition of monopoly?(3)
2.how can a firm check that its advertising-to-sale ratio is not too high or too low? what information does it need?(3)
3.1 question was about rival’s response when choosing output and price (3)
5marks questions
1.why does price leadership sometimes involve in oligopolistic market?explain how the price leader determines a profit maximization price(5)
2.define two part tariff. give examples(5)
3.why do firms have large monopoly power while other have little or no monopoly power?(5)
4.explain difference between consumer surplus and producer surplus with help of diagram.(5)
5.It has been said that in case of snob effect market demand is less elastic and incase of bandwagon effect demand is more elastic prove this with the help of example(5)

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