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ECO401 Final term Current Paper fall 2017

February 17, 2018 All Current Papers of Final term fall 2017, ECO401 No comments

eco401 final term current paper fall 2017

Dear VU Students Here We (VU KI DUNIYA) Provides Virtual University of Pakistan All Subjects Current Papers. All Current Papers of Final term fall 2017. Please touch with our website (VU KI DUNIYA).

Today here you read and download ECO401 Current FinalTerm Papers fall 2017. ECO401 Total Questions. 38. MCQS 24. Short Question 7. Long Questions 6. All MCQS are conceptual. Few MCQS are in Past Papers. Previously We (VU KI DUNIYA) Shared All SubjectsCurrent Mid Term Papers fall 2017.

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some long questions

Question No.1:

Output	Price	Total Revenue
10	5	?
20	5	?
30	5	?
40	5	?

Recommended: ECO401 Assignment 1 Solution fall 2017

Question No.2:

Missing figure and missing value:

Money Supply = M200. Velocity of money = 7 and output Q = 700.

Money Supply = M150. Velocity of money = 8 and Price Level P = 3.

Recommended: ECO401 GDB Solution fall 2017

Question No.3:

Disposable income(Yd)	Consumption	Average Propensity to Consume
350	340	?
400	380	?
450	420	?
500	460	?
550	500	?

Question No.4:

Discusses the concept of prisoner’s dilemma in game theory?

Question No.5:

Why is there unemployment according to classical and how it can be eliminated?

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ECO401 GDB Solution fall 2017

eco401 GDB SOLUTION FALL 2017

Dear VU (Virtual University of Pakistan) Students, here you read and download ECO401 (Economics) GDB No.1 Solution Fall–2017. GDB Total Marks 05. You can download easily GDB Solution click the download button and get GDB Solution. GDB Open Date 16th January 2018 and GDB Closing Date 18th January 2018. You can also like for latest update our Facebook page, YouTubechannel and follow on Google+. Previously (VU KI DUNIYA) share ECO401 (Economics)Assignment No.1Solution fall – 2017.

The Case:

Pakistan’s economy has been growing at a very stable rate from last few years and this growth is demanding higher energy consumption and thus putting a huge pressure over country’s limited energy resources. Oil is one of the primary energy resources of the country. Attock Oil Company Ltd., Dewan Petroleum Ltd., Oil & Gas Development Company Ltd., Mari Gas Company Ltd., Shell Development & Offshore Pakistan are major suppliers of oil in Pakistan. Due to higher oil consumption, country also imports large quantity of oil every year to meet domestic demand of oil. Decreased oil prices in last 3 years have contributed significantly in growth rate of the country. Due to rise in international oil price from last 4 months, domestic oil prices also increased abruptly and reached at level of Rs. 77.47 per liter.

Requirement:

Keeping in mind the characteristics of four market structures discussed in lectures, you are required to identify in which market structure domestic oil companies are operating out of four market structures. If domestic oil prices continue to rise in future, then what will be its impact on cost of basic necessities of life in the country?

Note:

Be precise and write to the point. Avoid internet cheating and irrelevant extra details.

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ECO401 Assignment 1 Solution fall 2017

November 14, 2017 Assignment Solution Fall 2017, ECO401 No comments

ECO401 Assignment 1 Solution fall 2017:

Dear Students, Here You can read and download ECO401 Assignment No.1 fall 2017 and discussion of fall 2017. ECO401 Assignment Due Date: 20 November, 2017. Assignment Total Marks: 10.

ECO401 Assignment No.1 Questions:

The Case:

Tomato is second most popular vegetable after potato with 124.75 million tons of production. It is a necessary part of diet because it is useful in raw form as well as in cooked form. Tomato is a main source of vitamin A, B and C with 20% share in daily usage, and it also provides other nutritional elements like potassium, calcium, fiber and iron. Presence of Lycopene made it useful against cancer. In Pakistan, monthly per capita tomato consumption was 0.39 kg and 0.42 kg for rural and urban people, respectively. In recent month, the price of tomato showed a spike due to several reasons such as reduction in import from India and less production in Pakistan.

Suppose the demand and initial supply equations of tomato are given as follows:

Qs = 34 + 0.25P

Qd =88 – 0.05P

Due to the above-mentioned supply shock (reduction in import from India and less production in Pakistan), the supply equation changed as follows:

Qs = 22 +0.25P

Requirement:

Find the equilibrium quantity and equilibrium price of tomato before supply change.

Find the equilibrium quantity and equilibrium price of tomato after supply change.

If the price announced by market committee is P = Rs. 140 per kg then how much amount of shortage or surplus would occur after the supply shock?

Marks: (4+4+2)

IMPORTANT:

24 hours extra / grace period after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.

OTHER IMPORTANT INSTRUCTIONS:

DEADLINE:

Make sure to upload the solution file before the due date on VULMS. Any submission made via email after the due date will not be accepted.

FORMATTING GUIDELINES:

Use the font style “Times New Roman” or “Arial” and font size “12”.

It is advised to compose your document in MS-Word format.

You may also compose your assignment in Open Office format. Use black and blue font colors only.

RULES FOR MARKING

Please note that your assignment will not be graded or graded as Zero (0), if:

It is submitted after the due date.

The file you uploaded does not open or is corrupt.

It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc.

It is cheated or copied from other students, internet, books, journals etc.

Note related to load shedding: Please be proactive

Dear students!

As you know that Pre-Mid-Term semester activities have started and load shedding problem is also prevailing in our country. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience; activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after due date of assignments, quizzes or GDBs.

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