ECO402 VU Current Midterm Fall 2012 Paper – 18 December 2012
Total Revenue (TR) is equal?
When the average product is decrease, marginal product?
MR curve for perfectly competitive firms?
What will the substitutes effect of decrease in price ?
Isoquant curve show?
Slop of marginal utility curve shows that?
Giffen good is one in which depend the …….curve is ….sloped
Q1: utility can be measured by two approaches according to consumer preference theory. Briefly explain with the help of example. 3 Marks
Q2: What are consumer surplus and its benefits? 3Marks
Q3: A. How do we calculate the user cost of capital?
B. Why isocost lines are straight lines? Marks: 1+2
total 27 questions the…
Q) what does it mean to say that a person is risk averse or a risk loving? Why some people likely to be risk averse while other risk lover.
Q)What are the advantages of joint production Consider an automobile company producing cars and tractors? 2 marks
Q) DEFINE THE ACCOUNTING PROFIT & ECONOMIC PROFIT N GIVE EXAMPLE 5 MARKS
Q) one question about the economic and diseconomies
Q) Banana or apple wala question b tha
Q) What is consumer surplus n its benefits