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  • DOC-20230201-WA0007.docx BSC 1 Economics

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    Zainab Khan
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    The document is a midterm exam for a Bsc 1 Economics class. It contains 6 questions across 2 sections. Section 1 includes questions about the concepts of increasing/decreasing functions, explicit/implicit functions, and inverse functions. It also includes a question about finding equilibrium price, quantity supplied, and quantity demanded given supply and demand equations. Section 2 includes questions about Islamic economics systems, indifference curves and their properties, and the law of diminishing marginal utility illustrated with diagrams and schedules.

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    The document is a midterm exam for a Bsc 1 Economics class. It contains 6 questions across 2 sections. Section 1 includes questions about the concepts of increasing/decreasing functions, explicit/implicit functions, and inverse functions. It also includes a question about finding equilibrium price, quantity supplied, and quantity demanded given supply and demand equations. Section 2 includes questions about Islamic economics systems, indifference curves and their properties, and the law of diminishing marginal utility illustrated with diagrams and schedules.

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

    DOC-20230201-WA0007.docx BSC 1 Economics

    Uploaded by

    Zainab Khan
    The document is a midterm exam for a Bsc 1 Economics class. It contains 6 questions across 2 sections. Section 1 includes questions about the concepts of increasing/decreasing functions, explicit/implicit functions, and inverse functions. It also includes a question about finding equilibrium price, quantity supplied, and quantity demanded given supply and demand equations. Section 2 includes questions about Islamic economics systems, indifference curves and their properties, and the law of diminishing marginal utility illustrated with diagrams and schedules.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    Sialkot College of Commerce

    Mid Term examination


    Subjective Part
    Class: Bsc 1 Subject: Economics
    Marks: 100 Time Allowed: 2 hrs 30 minutes
    Name: ________________________
    Roll No: ________________
    Attempt all questions.
    Each question has 20 marks in both sections
    (Section 1)
    Q1: What is a function? Explain following concepts of functions.
    Increasing and decreasing function
    Explict and implicit function
    In verse function
    Q2: If qd=100-2p and qs=3p-50 find equilibrium price, quantity supplied and quantity
    demanded.
    (Section 2)
    Q1: What is islamic Economics? Write a detail note on Islamic economic system?
    Q2: Describe Ic in detail with the help of schedule and diagram? Also explain it's main
    properties?
    Q3: Explain Law of diminishing marginal utility with the help of diagram and schedule?

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