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ECO402 FINAL TERM PAPER SHARED BY STUDENT

FEBRUARY 17, 2018 AT 8:18PM

Total mcq 26
short 5 question of 3 number
Long 5 question of 5 number

Profit,MR,MC find krna tha?

long my Cartel ,Oligopoly ,Monopoly. ki characteristics with Example likhni thi..

Or1 Graph ka Q tha long

past pprs my sy khuch ni aya tha

ECO402 FINAL TERM PAPER SHARED BY STUDENT

MUHAMMAD RASHID ON FEBRUARY 22, 2018 AT 6:59PM

Dear Colleagues.

I have done my ECO402,

And I did copy almost all of my exam paper to all of same subject colleagues,

Hope its help.

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Q: Suppose a monopolist is producing 2000 units of output and selling these units at price (P) of Rs.
150 per unit. Average cost (AC) of output is Rs. 120. Calculate profit of the monopolist from the
given information.

Q: How does elasticity of market supply relates to the degree of buyers’ monopsony power?

Q: When does a firm decide to shut down production in the short run?

Q: A market structure in which there is one large firm that has a major share of the market and
many smaller firms supplying the remainder of the market is called dominanat firm model.

Q: When an oligopolistic market is in Nash equilibrium?

Q: What would be the effect of price control on consumer surplus when the demand is sufficiently
inelastic?

Q: Explain briefly the three SALIENT FEATURES OF OLIGOPOLY market and write down two
examples of this market structure

Q: Describe and explain three factors which affect the degree of buyers’ monopsony power.

Q: What is the profit maximizing condition of a firm working under perfect competition?

Q: A garment factory is producing ready made garments of babies. Data on level of output (Q), prices
(P) and total cost (TC) of this factory is given below.

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 Total Revenue
Q P TC Profit
(TR)
5 200 100
10 200 130
13 200 150
15 200 160
17 200 170

Calculate the total revenue and profit, that the garment factory is making at each level of output

Q: Suppose a firm is employing two inputs labor and capital; capital is fixed and firm is changing
only labor input to maximize its profits. What will be the firm decision regarding hiring of labor in
order to maximize its profits in the following situations?

Decision regarding labor

Situations
(Increase/Decrease/Constant)
Marginal revenue product of labor (MRPL) is greater
than WAGE RATE.
?

Marginal revenue product of labor (MRPL) is less than

WAGE RATE.
?

Marginal revenue product of labor (MRPL) is equal to

the WAGE RATE.

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ECO402 FINAL TERM PAPER SHARED BY STUDENT

ON FEBRUARY 26, 2017 AT 8:39AM

1) why does a perfectly competitive firm face horizontal demand curve? (3)
2) A monopolistic firm uses productive resources of society in order to gain and maintain the monopoly
power. By how many ways, a monopolist will gain the monopoly power? (3)
3) Explain the dominant firm model of obligopolistic market.(3)
4) What will be the firm's decision regarding spending on advertisement of its product if advertising
elasticity of demand is large for this firm?(3)
5) Suppose Pakistan's leather industry is constant cost industry. Products of this industry have come in
fashion these days. Explain how this change is affecting the demand, supply abd output of the mentioned
industry.(5)
6) Explain intertemporal price discrimination and peak load pricing with example.(5)
7) Explain the concept of economic rent for a competitive factor market. what will be the value of
economic rent if the supply of labor is perfectly elastic.(5)

ECO402 FINAL TERM PAPER SHARED BY STUDENT

FEBRUARY 26, 2017 AT 8:39AM

1) why does a perfectly competitive firm face horizontal demand curve? (3)
2) A monopolistic firm uses productive resources of society in order to gain
and maintain the monopoly power. By how many ways, a monopolist will
gain the monopoly power? (3)
3) Explain the dominant firm model of obligopolistic market.(3)
4) What will be the firm's decision regarding spending on advertisement of
its product if advertising elasticity of demand is large for this firm?(3)
5) Suppose Pakistan's leather industry is constant cost industry. Products of
this industry have come in fashion these days. Explain how this change is
affecting the demand, supply abd output of the mentioned industry.(5)
6) Explain intertemporal price discrimination and peak load pricing with
example.(5)
7) Explain the concept of economic rent for a competitive factor market.
what will be the value of economic rent if the supply of labor is perfectly
elastic.(5)
4
 image: http://www.virtualinspire.com/images/smilies/af.gif
es question mn statement di thn ar pucha tha k ye second degree h ya
third degree..(5)
9) ess mein total revenue marginal revenue ar average revenue find out krna
tha (5)

AUGUST 31, 2015 AT 1 2:07AM

Today i had a paper and total marks was 88 where 57 MCQs, 5 question of
5 marks & 2 questions of 3 marks.
MCQs was mixed mostly from 23 to 40.
5 marks question was following:
 Identify second degree discrimination or Third degree discrimination in the
provided sentences.
 Inter-temporal Price discrimination & Peak Load Pricing with example
 Identify the producer & consumer surplus in Price support graph.
 Monopoly graph given, identify market is in the loss or profit and what is
profit maximization level, logical reason.
3 marks question was following:
 Nash Equilibrium
 How elasticity of demand determine in monopoly power
AUGUST 27, 2015 AT 1 :26PM

Just done my eco402 paper today 27 aug 2015,

Q- A thumb se kuch related tha . 3 mark
Q- what is tying give example.
Q- profit nikalna tha kuch
Q- intertemporal and peakload price and give 1,1 example, 5 marks
5
 Q- monopolist se related tha.
Q- 3 lines batai thi or hume batana tha kh is me intertemperal kon ha or
dicrimination kon ha , 5 marks

AUGUST 31, 2015 AT 2 :08PM

My paper of ECO 402 was so easy on 30 August:

MCQs were mostly from monopoly, monopsony, and all competition
markets.
Subjective
1- a firm is in monopoly power and started advertising campaign what will
be the impact on total cost, average cost, price of product. 3 marks
2- Why would a producer have difficulty in achieving first-degree price
discrimination? 3 marks
3-Oligopoly (Characteristics and examples) 5 Marks
4- 5 Examples of First Price Discrimination and 2nd Price Discrimination
we have to point out which example is first and which is 2nd price
descrimination. 5 marks
5- 5 Examples of 2nd Price Discrimination and 3rd Price Discrimination we
have to point out which example is third and which is 2nd price
descrimination. 5 marks
6- Explain Bundling with example. 5 marks
7-Monopoly graph given, identify market is in the loss or profit 5 marks

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 Hint: Guys dont waste your time on mcqs just study for subjectives
questions your most of mcqs will be covered with concepts. you can
download and study mcqs in last hour before paper.

MARCH 9, 2015 AT 5:4 0PM

Many Questions Related Oliopoply, MRP, Monoply, supply curve.

March 12, 2015 at 11:09pm

MCQs k liye hands out prhly to behtar hai...kyun k past papers se koi mcqs
nh hai.
1.characteristics competitive factor market.
2.inctertemporal price discrimation.
3.D\B cournot and bertrand model.
4.cartel topic se related tha.
5.welfare se related tha.
6.accounting or economic profit ka formula btana tha.
7.monopoly se related tha.
8.why countries use quotas and tarrif.
9.why supply curve of labour backward bending.
10.monopsonist se related tha.

July 16, 2012 at 7:42pm

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 ECO402 Final Term 16 July 2012 session =1 8:00 pm
56 MCQ’s 8 long Questions.
Personage Group …
Q1. Formula’s Lerner’s index monopoly power and the rule of thumb.
Q2. How can affirm check that it’s advertising-to-sales ratio is not too high
or too low? What information does it need?
Q3. Difference between competitive and non-competitive markets. With
examples?
Q4. Cournot and Bertrand models?
Q5. Why a monopolist produces a lower output than a competitive industry
produces, even though both maximize profit by producing a point where
MC=MR?
Q6. How does tying differ from bundling? Why might a firm want to
practice tying?
Q7. In which market structure produces have to consider rival’s response
while choosing output and price? Write down the characteristics of market
structure?
Probably Return $
0.2 100
0.4 50
0.4 -25

Q8. Find the expected value of Uncertain Investment?

July 16, 2012 at 12:49pm

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 My today eco402 paper 16 july 2012 at 11am pak time timing=120 mins
88 marks
56 mcqs 12-15 came from past papers
4 ,3 marks question
4 ,5 marks questions
Write down the formulas of Lerner’s index of monopoly power and the rule
of thumb for pricing. 3
Explain the concept of intertemporal price discrimination with the help of
examples. 3
Explain the concept of risk neutral person with the help of diagram. 3
Write down examples of upward sloping market supply of inputs. Can
market supply curve for labor be other then upward sloping shape? If yes,
then of what shape it can be? 3
Define two-part tariff. Also give examples to support your answer. 5
What do the Cournot and Bertrand models have in common? What is
different about the two models?5
Why do some firms have considerable monopoly power and others have
little or none?5
What is meant by network externalities? Also explain snob effect and
bandwagon effect with the help of examples.
(Marks: 2+3)
best of luck friends
image: http://www.bkserv.net/images/Smile.gif

July 17, 2012 at 4:12pm

90% 24 -45 lec sa tha past papers sa 12 13 tha mostly monopoly ,two-part
tariff,price discrimination sa tha

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uly 16, 2012 at 7:41pm
My ECO 402 paper.... 16-07-2012
total question 64.
56 mcq's 4 ques 3 marks k n 4 ques 5 marks.

if the owner of a small manufacturing company writes its own account

book. then how will you measure its opportunity cost? 3 marks

1) if the monopolistically competitive market becomes a competetive

market, then what will the effects on price level?
2) should the monopolistically competitive market be regulated? why?
(2+3)

if a company is monopoly then what will the relation between supply

input and marginal expenditures? with an example.
5 marks.
if the price falls then briefly discuss the two effects of price falls. 5
marks.

mari memory bht thori c hai so baqi ques mujhy bhol gaye hain..
image: http://virtualinspire.com/images/smilies/thinking2.gif

but i remember that mostly questions oligopoly, monopoly and

monopsony firms k bary main thy...
image: http://virtualinspire.com/images/smilies/ae.gif

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 best of luck to all

July 16, 2012 at 11:34pm

Total 64 Question.
56 MCQS all new........

4*3 marks Question.

4*5 marks Question.
Subjective questions are here:
1. What is monopoly.What are its characteristics?
2. What factors are necessary for the successful cartelization?
3.Which cause the shift in demand curve and supply curve?
4. Why monopolist operated at average output as compared to
its competitors at MC equals to MR? marginal cost and marginal revenue.
5. One question about two part tariff.
6. One question about quantity demand and price.Values were given.
6. What is the difference between point elasticity and arc elasticity?
7.Two question were really "dimag ki dahi" .Kuch samajah nai aya. :D

July 17, 2012 at 7:16am

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 Total 64 Question.

56 MCQS all new........

4*3 marks Question.
4*5 marks Question.

Subjective questions are here:

1. What is monopoly.What are its characteristics?

2. What factors are necessary for the successful cartelization?
3.Which cause the shift in demand curve and supply curve?
4. Why monopolist operated at average output as compared to its
competitors at MC equals to MR? marginal cost and marginal revenue.
5. One question about two part tariff.
6. One question about quantity demand and price.Values were given.
6. What is the difference between point elasticity and arc elasticity?
7.Two question were really "dimag ki dahi" .Kuch samajah nai aya. :D

July 22, 2012 at 2:42pm

my eco papers
total q 64 thy
8 long question
1:charateristic of perfect compitative markt???
2: witch factor where perfect markit in equilibrium point ?
3;monopolistic markit?
4: how monoply can infulance the price ?
5:witch factor to change deman and supply curve?
6:Lerner's index formola.. and how can measure the price throght index
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7:1st price discrimation ?
8: peak-load price explain with example
these are long question and all mcqs came from books not past papers
.........30 to 40 lecture COVER with ful constration okk???
best of luck for allz
stey blessed. remmber me in ur prayers

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