Economics 2016 SU Past Paper-A BA / B.Sc is as under. For further papers you can explore Past Papers.
Table of Contents
Time Allowed: 3 Hours – Maximum Marks: 100
Note: Attempt five questions in all, selecting two questions from Part-I and three questions from Part-II
Question # 1:
Differentiate with the help of examples between:
a) Implicit function and inverse function
b) Single valued and multi valued function
Question # 2:
Given the following demand and supply equation:
a) Equilibrium price and equilibrium quantity
b) If govt imposes tax Rs. 3 per unit on the product, find new equilibrium price and quantity.
Question # 3:
If average revenue and cost function of a firm are as follows:
a) The output level and price at which profit is maximum. Also find total profit.
b) If govt imposes an excise duty of Rs. 20/- per unit, find new output and price which maximize profit.
Question # 4:
Find the Maxima and Minima of the function. Also explain its graph.
Question # 5:
Islamic economic system is not a compromise between capitalism and socialism. Do you agree with this, give arguments in favor of your answer?
Question # 6:
What are indifference curves? Show that P.E=I.E+S.E
Question # 7:
Explain law of variable proportions with the help of table and diagram.
Question # 8:
Discuss why average cost and marginal cost curves of a firm are U shaped in the short run while they become flatter in the long run.
Question # 9:
What is the difference between monopoly and monopolistic competition? How price and output are determined under monopolistic competition?
Question # 10:
Explain any two of the following:
a) Revealed Preference Theory
b) Ridge Lines
c) Iso Cost Curves
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