07-05-2010, 02:52 PM
Question 01
Draw the graph showing that a perfectly competitive firm is making zero profit or
normal profit in the market. (Marks: 5)
Question 02
Draw the graph showing that a monopoly firm is making super normal profits in
the market. (Marks: 5)
(Note: In Q # 01 and 02, just draw graphs by yourself. Do NOT copy from any
source. NO need to write any irrelevant material or interpretation.)
Question 03
Consider a hypothetical economy which produces oranges and chicken.
Quantity and cost of both things are given in the table. Calculate the
following from the given information: (Marks: 2+2+1)
a) Nominal GDP in year 2009
b) Nominal GDP in year 2010
c) Growth rate of nominal GDP
eco401 2.jpg (Size: 31.55 KB / Downloads: 178)
(Note: Just calculate to the point in each part. NO need to write irrelevant
material or extra interpretation.)
Draw the graph showing that a perfectly competitive firm is making zero profit or
normal profit in the market. (Marks: 5)
Question 02
Draw the graph showing that a monopoly firm is making super normal profits in
the market. (Marks: 5)
(Note: In Q # 01 and 02, just draw graphs by yourself. Do NOT copy from any
source. NO need to write any irrelevant material or interpretation.)
Question 03
Consider a hypothetical economy which produces oranges and chicken.
Quantity and cost of both things are given in the table. Calculate the
following from the given information: (Marks: 2+2+1)
a) Nominal GDP in year 2009
b) Nominal GDP in year 2010
c) Growth rate of nominal GDP
eco401 2.jpg (Size: 31.55 KB / Downloads: 178)
(Note: Just calculate to the point in each part. NO need to write irrelevant
material or extra interpretation.)