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Micro Economics
1. Discuss the short-run cost-output relations.
2. Write a short note on pure competition.
3. Describe excess profit criterion.
4. Discuss the various ways by which rival firms may react to change in price made by one firm.
5. Explain the effects of taxation on the equilibrium of a firm.
6. Write a short note on imperfect competition in the factor market.
Question 1: (a) Clearly illustrate the features of a perfectly competitive firm. (b) How would the same industry change if it were organized first as a competitive industr
about the price determination with the held of diagramatic explanation numerical explanation related to the concept
Production having Two Outputs -Economies of Scope * Economies of scope exist when joint output of a single firm is greater than the output which could be achieved by two diffe
Lakshani has $5 to spend on pens and pencils. Each pen costs $0.50 and each pencil costs $0.10. She is thinking about buying 6 pens and 20 pencils. The last pen would add five time
The table shows the demand schedule of Taylor Swift’s concert ticket. Draw the demand curve for her concert ticket
when does market equilibrium occur?
When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3.
Another school of thought developed what is called loanable funds theory of interest. Among the principle economists who contributed to the development of loanable funds theory men
Explain how consumers might benefit from the existence of monopolies. While the standard issue of monopolies having higher prices and lower output that competitive markets migh
Conditionality: International financial institutions (such as World Bank andInternational Monetary Fund) usually attach strong conditions to emergency loans they make to developing
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