Past Papper.

Micro economics

2020

1-Compare and contrast cordinal and ordinal approaches or consumer behavior. Prove with arguments
that which one is more realistic?

2- Compare and contrast traditional and modern theories of cost with suitable diagrams?

3-Explain main features of cobb-Douglas production function?

4-How can we derive negatively and positively sloped supply curve of labor with the help of indifference
curves.?

5-Explain low cost price leadership model of the firm with the help of diagram

6-Explain Nash Equilibrium related to prisoner dilemma?

7-Comperehensive note of the following

i-Envelop curve ii-Monopolistic competition iii-3rd degree price discrimination.