ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD
(Department of Economics)
1 . PLAGIARISM OR EMPLOYING OF GHOSTING WRITER(S) PERTAINING TO SOLVING THE ASSIGNMENT(S) WILL DEBAR THE STUDENT FROM HONOR OF DEGREE/CERTIFICATE, IF FOUND AT ANY LEVEL. 2 . SUBMITTING ASSIGNMENTS BORROWED OR THIEVED FROM OTHER(S) AS THEIR OWN WILL PROBABLY BE PENALIZED BECAUSE DEFINED IN " AIOU PLAGIARISM POLICY”.
Course: Economics (402)Semester: Springtime, 2014
Level: B. ATotal Marks: 100
Pass Marks: 40
ASSIGNMENT No . one particular
Q. 1Explain the explanations of economics given by the economists based on wealth, welfare and scarce resources. As well differentiate among micro and macroeconomics. (20)
Q. 2a)Explain the balance of a client with the help of indifference curve and budget series. (10)
b)Explain the label of price impact into substitution effect and income result in the instances of regular good and inferior very good. (10)
Queen. 3a)What is meant by point elasticity and arc-elasticity? Explain with accompanied by a diagram and formula. (10)
b)With the rise in price of tomato from Rs. 70 per kg to Rs. 120 per kg in westrigh market, the demand intended for tomato has gone down by 40 kg to 30 kg. Determine the demand flexibility. (10)
Queen. 4a)Differentiate between average price and marginal cost with the aid of a desk and diagram. (10)
b)Differentiate between total revenue and average revenue under excellent competition and imperfect competition with the help of table and diagram. (10)
Queen. 5Write an email on the subsequent: (10+10)
a)Law of Decreasing Marginal Energy.
b)Can Salary Effect be Positive?
ASSIGNMENT No . 2
Total Marks: 100Pass Marks: 45
Q. 1a)What is meant with a market? Likewise write a note on the types of market in detail. (10)
b)Discuss critically on the different shapes and forms of competition in the market. (10)
Q. 2Explain the sense of balance of a company under best competition in the short-run and long-run. (20)
Q. 3a)Define organization. Also...
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