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    Micro Economics PME1A - Need Solution - Ur Call Away – 9582940966

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    At "gYpr.in", the services are available at the most economical prices. All the services and the fees being charged for them are designed keeping in mind the interest & the welfare of the students. About Us + From the last 10 years, we have made & delivered not less than 20,000 Academic projects & Assignments and what makes us successful is not our single customer has reported that they failed Because of our WORK. We are group of MBA professional, have wide experience in Market/Financial Research , Report writing and Advisory

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    11 views2 pages

    Micro Economics PME1A - Need Solution - Ur Call Away - 9582940966

    Uploaded by

    Ambrish (gYpr.in)
    At "gYpr.in", the services are available at the most economical prices. All the services and the fees being charged for them are designed keeping in mind the interest & the welfare of the students. About Us + From the last 10 years, we have made & delivered not less than 20,000 Academic projects & Assignments and what makes us successful is not our single customer has reported that they failed Because of our WORK. We are group of MBA professional, have wide experience in Market/Financial Research , Report writing and Advisory

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    Subject Code: PME1A Paper: Micro Economics Specific Instructions:

    Answer all the five questions. Marks allotted 100. Each uestion carries equal !arks.

    "ord li!it is #$0%&00 words

    General Instructions:
    'he Student should sub!it this assi(n!ent in the handwritten for! )not in the t*+ed for!at, 'he Student should sub!it this assi(n!ent within the ti!e s+ecified b* the e-a! de+t Each uestion !entioned in this assi(n!ent should be answered within the word li!it s+ecified 'he student should onl* use the .ule sheet +a+ers for answerin( the questions. 'he student should attach this assi(n!ent +a+er with the answered +a+ers.

    /ailure to co!+l* with the above /ive instructions would lead to rejection of assi(n!ent.

    _____________________________________________________
    Question No1 a,"hat do *ou understand b* the 0aw of Equi%Mar(inal 1tilit*2 b,Prove that the 3de!and curve slo+es downwards42 5ow would *ou deter!ine the 0on( run avera(e cost and the 0on( run Mar(inal cost fro! the short ter! cost curves2 c,"hat are indifference curves2 0ist & +ro+erties and e-+lain with e-a!+le.

    Question No2 a, 5ow would *ou e-+lain the 36ia!ond water +arado-42 b, 3"hen !ar(inal cost falls7 it alwa*s +ulls the Avera(e cost down884do *ou a(ree2 Elaborate c, 6e+ict the followin( on a sin(le short ter! costs (ra+h9 A/C 7 MC 7 AC : A;C. "here do the AC and MC curve alwa*s intersect2 Also discuss how the cost function is a !irror i!a(e of the +roduction function curves. Question No3 6ifferentiate between !ono+ol* and !ono+olistic co!+etition 7(ivin( current e-a!+les fro! the industr*. Question No4 "hat do *ou understand b* 3consu!er equilibriu!42 5ow does +rice chan(e in a +articular co!!odit* affect the consu!er behavior2 Question No5 E-+lain the conce+t of elasticit* 7M. and '. and the relationshi+ a!on( the three2<llustrate it with the hel+ of an e-a!+le.

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