Monday, December 7, 2009

ECO401 Paper

Total Questions: 41

40 MCQ,s Marks 40

Long Question: 1 Marks 10

Long Question is Price Quantitiy Demand2.5 400, 5 200,10 100,20 50,40 25,

(A) calculate the total revenue

(B) write the note of Elastic and Enlastic

(c) make a demand curve from above table (5+3+2)

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ECO401. It contained total 41 questions, out of which: 40 MCQs of marks 1 each. 1 long question of marks 10. *Long question was:* A. Differentiate between risk and uncertainty. B. What would the risk neutral person, risk averse person and risk loving person do in the following cases? o If Odds Ratio > 1 o If Odds Ratio = 1 o If Odds Ratio <>

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