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  • Business Economics M.COM B

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    Samra Haneef
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    The document is a final exam for a business economics course taught by Ikramullah Toor. It contains 4 questions covering various economics topics: [1] the meaning and implications of "don't cry over spilt milk" for economic decision making; [2] how newspaper production reflects economies of scale; [3] the definition of minimum efficient scale and how it provides insights into firm size; [4] the sources of data for national income accounts and a critical evaluation of Pakistan's consumer price index methodology and measuring inflation. The exam is out of 40 total marks and allows 180 minutes to complete.

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    Business Economics M.COM B

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    The document is a final exam for a business economics course taught by Ikramullah Toor. It contains 4 questions covering various economics topics: [1] the meaning and implications of "don't cry over spilt milk" for economic decision making; [2] how newspaper production reflects economies of scale; [3] the definition of minimum efficient scale and how it provides insights into firm size; [4] the sources of data for national income accounts and a critical evaluation of Pakistan's consumer price index methodology and measuring inflation. The exam is out of 40 total marks and allows 180 minutes to complete.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views1 page

    Business Economics M.COM B

    Uploaded by

    Samra Haneef
    The document is a final exam for a business economics course taught by Ikramullah Toor. It contains 4 questions covering various economics topics: [1] the meaning and implications of "don't cry over spilt milk" for economic decision making; [2] how newspaper production reflects economies of scale; [3] the definition of minimum efficient scale and how it provides insights into firm size; [4] the sources of data for national income accounts and a critical evaluation of Pakistan's consumer price index methodology and measuring inflation. The exam is out of 40 total marks and allows 180 minutes to complete.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    RIPHAH INTERNATIONAL UNIVERSITY

    SPRING 2020, FINAL EXAM

    Course Name: Business Economics Instructor: Ikramullah Toor


    Batch: M.COM, MBA, BSMS
    Max Marks: 40 Time Allowed: 180 min

    Note: Attempt all Questions. All questions carry equal marks

    QUESTION-01

    a- What is the economic meaning of the saying “Don’t cry over spilt milk” and its implications for
    economic decision-making?

    b- Explain how the production of a newspaper reflects economies of scale.

    c- What is minimum efficient scale? What insights would it give about the size of firms in an
    industry? Give examples from Pakistan market.

    QUESTION-02

    Where do government economists get the data for the national income accounts? Critically
    evaluate the procedure for constructing the consumer price index in Pakistan. Do you
    think it measure the inflation correctly? Give your suggestions in this regard.

    QUESTION-03

    Explain the factors that can increase in investment spending. How the foreign and local
    investment can be increased in Pakistan keeping in view present corona scenario.

    QUESTION-04

    How was the original DeBeers diamond company an example of classic monopoly behavior?
    How did it manipulate demand and supply what market forces made DeBeers change
    its monopoly behavior and end its attempts to control the diamond market?

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