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Subjective questions are ECO 404......

diffirence between positive and negative externaity (3) (P-298)


difference between finity repeated and infinity repeated games(3) (P-209)
why firm produce more than one products
define capita rationing and why the practice of capita rationing are in use (P-283)
define price discrimination give exampe of situation of price discriminations
calculate unknown variations from the data its numerica (P-!88"!9!"!9#)
i$e this % year sae (y) estimated ine of regression
! 20 !9&'
2 !8 !(&)
2
nd
*!& +ifferentiate between Pure and +ifferentiated oigopoy, (3 -ar$s) (P-!8#)
*2& Calculate profit Function foowing data given, (3 -ar$s) (P-!3"98"!!'"2(8)
*d.!20-!'p and P.20-0&'*
/0.'013*
+efine 2nvestment 3pportunity 4chedue and -argina 0ost of 0apita,(3 -ar$s)(P-288)
*3& 5vg cost6unit of the firm in 2009 was '00 and ()0 in 20!0& 7ind 8earning 9ate, 3 (P-!2()
*(& :rite characteristics of 4tacheberg 3igopoy mode, (' -ar$s) (P-!9()
*'& :hy forms produce more than one product, (' -ar$s) (P-22!)
*)& +ata was provided% (' -ar$s)
Probability Cash Flow P!"#0$
;oom 0&2' '00
<orma &0'0 (00
9ecession 0&2' 300
a&) 7ind =xpected >aue of 7irm,
b&) 7ind 4tandard +eviation,
*#& ?iven% @.f("$) 1 A (cB-:1r$) Fin% Partial &erivative of 8"C" A with respect to @&
(' mar$s (P-!3)
impicit cost is opportunity cost,, expain with =xampe&&&&3mar$s (P-!00)
homogenous production function &&&&& 3 mar$s (P-!8')
interpret followin' (e'ression Equation&&&3 mar$s (P-(()
yt . 9&' 1 3&)'Dt
yt. saes Euanitity
Dt . advertising cost
Fin% Pro%uction cost of the function&&&' (P-2())
P . (30 1 '0*
/0 . 3000 1 ('* 1 0&03*2(sEuare on *)
another Euestion from production function dnt remembr exacty as$ing aby he )ar'inal
chan'e in P!*0+$
*. f(8"C)&&&&'mar$
*% difference between cost of capita and cost of debt, 'mar$s (P-288)
*% criticism on wiiamFs manageria utiity, ' mar$s (P-23')
*% sove the re'ration equation 4t.!0'&3(!&()() (P-(8)
2
for the base year !99!
and find for 20!! and 20!', ' mar$s
*% :rite down the eements of ?ame theory, ' -ar$s (P-!99)
*% describe the faws of customer 0inic 5pproach, 3 -ar$s (P-3')
*% +ifference between repacement and cost reduction investment, 3 (P-2#9)
*% Slope of ,vera'e cost 50.(00* (P-23#)
3
1()3*
2
6*1!2*1!0, 3mar$s
*% describe the marriFs mode, 3 mar$sn (P-2(!)
*!& :hat is =xpansion Path and what are the points on =xpansion path, (3 -ar$s) (P-88)
*2& +ifferentiate between 0entraiGed 0oation and -ar$et ;ased 0oation, (3 (P-!9#)
*3& :hat is the criticism on -aris -ode of growth, (3 -ar$s) (P-2(!)
*(& +ifferentiate and discuss 9is$ and Hncertainty, (3 -ar$s) (P-2)3)
*'& 0onsider the foowing information of the firm%
/ota fixed cost . 9s&2'0
Price eve . 9s& !'
5verage variabe cost . 9s& '
/arget profit eve . 9s& !'0
7rom this information" calculate the break even level of output an% tar'et level
of output, (' -ar$s) (P-83)
*)& :hat are the 5ssumptions of <eo-0assica /heory, (' -ar$s) (P-23()
*#& :hy decision ma$ing is compicated in oigopoy as compared to other mar$et
structures, +iscuss, (' -ar$s) (P-!)!)
*8& +ifferentiate 0ost of 0apita and 0ost of +ebt, (' -ar$s) (P-288)
4oution to *'&
(!) *; . /70
P I 5>0
. 2'0
!' I '
. 2'
(2) */ . /70 1 J/
P I 5>0
. 2'0 1 !'0
*&<o!%- +efine 7initey repeated games K 2nfinitey repeated games -ar$s 3 (P-208)
*&<o 2%- briefy describe 9is$ attitude 3 -ar$ (P-2)3)
*&<o3%- calculate profit 7unction foowing data given 3 -ar$
*d.!20-!'p and P.90-0&'*
/0.'013*
*&<o (%- Price +iscrimination and types describe in detai ' -ar$ (P-2!3)
*&<o '%- characteristic of 7irm and what is main obLective of firm ' -ar$s
+ifference between P=97=0/ 03-P=/2/23< and -3<3P38M (P-!80)
4imutaneous games and 4eEuentia games
+=?9==4 37 P920= +24092-2<5/23<
-=54H92<? 924C :2/N P93;5;282/M +24/92;H/23<4
05P2/58 ;H+?=/2<? P930=44
P5M;50C P=923+
1) 2 functions were given their derivatives were asked to find. (P-13)
2) what is the usefulness of Game theory? (P-1)
3) how o!!ortunity cost is defined? (P-1"1)
#) what is $y-!roduct?? give e%am!le
&) what are the characteristics of com!etitive com!etition? discuss them (P-1'1)
') (hy decision making is com!licated in oligo!oly as com!ared to other market
structures?? dicuss (P-1)*)
*) +ow Game theory hel!s in risk analysis? (P-1)
what are the contri$utions of ,ehavioral theory?? (P-2&&)
) last -uestion is also mathematical. a-uestion was given and the re-uirement was
to calculate the e%!licit . im!licit cost of enter!reneur..( the same -uestiion which
was in assignmnet 1)
0onsider the foowing information of the firm%
/ota fixed cost . 9s& 3'0
Price eve . 9s& 20
5verage variabe cost . 9s& !0
/arget profit eve . 9s& 2'0
7rom this information" cacuate the brea$ even eve of output and target
eve of output&
(-ar$s% 2&'12&')
*uestion% 02
Mou have given the foowing inear programming probem%
-aximiGe Profit (O) . 9s& 20D 1 9s& 8M
4ubLect to the foowing constraints%
3D 1 !M 1 45 . (0
2D 1 2M 1 4; . 2'
(M 1 40 . 30
/he corner points are given as%
0orner points D M
5 0 0
; # 0
0 ' 3
+ 2 #
= 0 #
Fro) all this infor)ation- fin% the profit (s.$ level at each corner point. (-ar$s% ')
(P-!(8" !'0)
?iven the tota revenue and tota cost functions%
/9 . 80* I 0&0002'*2
/0 . 2)0"('0 1 '* 10&0003'*2
7ind the profit maximiGing eve of output under monopoy
/ota )( *uestions out of which ') -0*P4"( Euestion of 3 mar$s and ( of ' mar$s&
. /arks 0uestions1
!-+efine economies of scope& why it is important for firms, (P-!!))
3-:hat is transfer pricing,why does the probem of transfer pricing arises,discuss (P-
22#)
2-;aumoPs saes maximiGation mode was criticiGed on what grounds, discuss, (P-23')
3-;riefy discuss the basic vauation mode of firm& Now this mode can be adLusted for
ris$, (P-2)))
(-?iven the foowing tota revenue and tota cost function of a firm
/9 . 22* - 0&'*2
/0 . (!63)*3 - 8&'*2 1 '0* 1 90
7ind out the )ar'inal revenue an% )ar'inal cost P!2- *0+$
-osty mcEs were on perfection competition" ?ames and product and
their cassification i$e :heat -ar$et" 0igarettes" -ining industry etc
Now ?ame /heory can be beneficia in 9is$ 5naysis ' -ar$s (P-2'#)
Now ?overnment can exercise -onopoy ?ive 9easons ' -ar$s (P-!)2)
Now ;ehaviora /heories contributed in =conomy of 4aes ' -ar$s (P-23')
4H;Q=0/2>= *H=4/23<4%
*!& +escribe the types of price discrimination briefy, 3mar$s (P-23!)
*2& :hat is opportunity oss, +efine 3mar$s
*3& +ifferentiate between the simutaneous move game and the seEuentia move
game, 3mar$s (P-208)
*(& :hat are the contribution of -59924 -3+=8, +iscuss briefy 3mar$s (P-2(!)
*'& +iscuss the characterisitics of oigopoy, 'mar$s (P-!8#)
*)& +ata was provided% (' -ar$s)
Probabiity
0ash 7ow

;oom 0&2' '00
<orma &0'0 (00
9ecession 0&2' 300
a&) Fin% E3pecte% 4alue of Fir),
b&) Fin% Stan%ar% &eviation, -59C4 213
7ind =xpected >aue of 7irm,
b&) 7ind 4tandard +eviation, -59C4 213
*uestion% 0!
0onsider the foowing information of the firm%
/ota fixed cost . 9s& 3'0
Price eve . 9s& 20
5verage variabe cost . 9s& !0
/arget profit eve . 9s& 2'0