My ECO 402 13 May 2012 11:30AM To 12:30PM PK
28 MQCS 50% from past paper
Q 1,"A fall in the price of a good has two effects." Briefly explain those effects with the help of example.( 5 )
Q2,
A. What will be the shape of long run marginal cost (LMC) when long run average cost (LAC) is constant?
B. If a firm enjoys increasing returns to scale up to a certain output level and then constant returns to scale, what can you say about the shape of the firm's long-run average cost curve?
(Marks: 2+3)
Q3, The owner of a small manufacturing firm does his own accounting work. How would you measure the opportunity cost of his work? 3 marks
On Sun, May 13, 2012 at 10:20 AM, Aamir Khan <bc110200385@vu.edu.pk> wrote:
isay 2003 may save as kar k upload kar doo.. myry pass old version hy MS office ka
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For study materials, past papers and assignments,
Join VU School at www.vuscool.com
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CoooL Virtual University Students Google Group.
To post to this group, send email to coool_vu_students@googlegroups.com
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