Virtual University Forum

Today Paper Total Questions: 27 Total MCQs of 1 Mark: 22 Total Short Subjective Question of 3 Marks:3 Total Long Subjective Question of 5 Marks:2 Define the key ingredients of any market structure? What is the relationship between income and elasticity demand of inferior goods? What are the profit maximization conditions for competitive business? Where a monopolist can spend his profit? Write the formula of Price Elasticity of demand and Cross-price Elasticity of demand ?

on December 21, 2013 at 12:41pm My Subjective paper was about: 1: Isocost and budget line. 2: Marginal rate of technical substitution. 3:Table to find TR and MR 4: How monopolistic firms maintain their high prices even in the long run?

on December 28, 2013 at 9:42am My Overseas paper today at 8:30 PST, 28th December 2013 Objective almost old papers Subjective: 1. Economies and Dis economies of Scale 2. Describe characteristics of Oligopoly and Monopoly with examples 3. income elasticity of demand numerical question 4. Ingredients of Market Structure 5. Point at which Consumer maximize utility while difficult budget constraints