ECO401 midterm current paper spring 2022||ECO401 current paper
 Eco401 

Define firm and its role in economy?(05)

Find the opportunity cost of wheat b/w sugar and wheat at all PPF?(05) table b tha .

Possible production factor(PPF) role as macroeconomics?(03)

ECO401 midterm current paper spring 2022||ECO401 current paper
 Eco401 

 ECO401 PAPER 10:00AM

TOTAL QUESTIONS 32

28 MCQS 

*TWO QUESTIONS OF MARKS 3

*TWO LONG QUESTIONS

OVERALL PAPER WAS SUPER EASY🙂 ALHMDULLAH

MCQS MOSTLY FROM THE TOPICS DEMAND AND SUPPLY...

1. BRIEFLY DEFINE "ENTREPRENEURSHIP"?

2. IF Qd=300-3P THEN FIND THE VALUES OF Qd FOR OTHER PRICES (TABLE OF DIFFERENT PRICES WAS GIVEN).

LONG QUESTIONS;

1. DEFINE FIEM?AND IT'S RULE IN ECONOMIC!!

2, IF Qd=150+3P AND P IS THE PRICE OF DIFFERENT COMMODITIES THEN FIND OUT THE DIFFERENT VALUES OF Qd..( TABLE OF DIFFERENT PRICES OF COMMODITIES WAS GIVEN))

ECO401 midterm current paper spring 2022||ECO401 current paper
 Eco401 

Eco401 today 8 am

28 mcqs totaly in handouts

4 Q

1;- indifference curve

2: inelastic demand

3: Qd-3p equation di hui thy p ki values put kr k demand quantity nikalni thy P ki values unho na di hui thy

4: total physical production di hui thy avarag physical production nikalni thy

ECO401 midterm current paper spring 2022||ECO401 current paper
 Eco401 

 Eco401 

8:00am 

Mcqs quite conceptual 

APP calculations, Graphs, Tables mostly from 13,14,15 lectures 

SUBJECTIVE:

1: Total utility function=600-60Q-2P^2 what is Marginal utility finction? (3 Marks) 

2: Satisfaction units were given for clothes, books, and charity. Ali wants to buy the books? What he will buy? And why? 

Clothes 09SU 

Books   15SU

Charity  22 SU

(3 Marks)

3: demand function quadratic equation was given 

Qd= 300-0.5P 

Claculate for the given prices 

Price (p)   

10

15 

20

25

30 

(5 Marks) 

4: what is incidence of tax describe in the light of both elasticity of demand and elasticity of supply? (5 Marks)