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on December 21, 2013 at 1:16pm My today's ECO402 paper: Total qs:27 Total mcqs:22 (conceptual but easy)... Total marks:41 1. what would be condition of profit max. when a firm is working in perfect competition in: a)marginal cost and marginal revenue b)total cost and total revenue (1.5+1.5=3 marks) 2. Consumer spends all his income on two goods; food and clothing then: a)what is the shape of budget line b)what be the change in budget line when the price of clothing increase from 10 to 20 (show graphically) (1.5+1.5=3 marks) 3. calculate expected value (3 marks) 4. what other shapes of isoquants are possible, and why, explain graphically...(1+2+2=5 marks) 5. a table was given in which some values were to be found..(MP of variable input, total output, average output) (5 marks) Hope it will help those who still have to attempt ECO402 paper... Regards...

on December 21, 2013 at 1:47pm Today's ECO-402 Exam: 22 MCQs 3 Question of 3 Marks each: 1. Differentiate between arc elasticity and point elasticity with formulas. 2. Differentiate between the slope of budget line and the slope of indifference curve. 3. A table was given with Price, Quantity and Total Cost and the Revenue cost was supposed to find. 2 Questions of 5 Marks each: 1. The question was to find the learning curve equation. 2. Theoretical question about elasticity of demand.

on December 23, 2013 at 5:02pm my today paper  define risk  how many ways consumer can reduce risk? >marks 3 economics scope definition and formula.> 5 marks bandwagon effect and snob effect >3 marks utility how can approach to preference theory>5 marks

on December 22, 2013 at 5:29pm My today ppr total 27 questions 22 mcqs(which was very tough and not a single one came from past papers) 3 questions of 3 marks Calculate expected values wala tha difference between budget line and indifference curve one was apple banana wala. 2 question of 5 marks both were theoretical questions with diagram thats all i remember..

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 What are consumer surplus and its benefits? How would the learning curve influence your decision? What is the short-run market supply curve? What does the point show which is above the indifference curve? Which type of probability has been discussed in the scenario subjective or objective?