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1) The document contains questions from various topics in microeconomics including perfect competition, game theory, oligopoly, monopoly, and capital budgeting.
2) Many questions ask to define key concepts, calculate specific values based on data provided, or discuss differences between various economic models or theories.
3) Examples of questions include defining price discrimination, calculating profit at different output levels, discussing characteristics of oligopoly, and finding the expected value and standard deviation based on a probability distribution of cash flows.
1) The document contains questions from various topics in microeconomics including perfect competition, game theory, oligopoly, monopoly, and capital budgeting.
2) Many questions ask to define key concepts, calculate specific values based on data provided, or discuss differences between various economic models or theories.
3) Examples of questions include defining price discrimination, calculating profit at different output levels, discussing characteristics of oligopoly, and finding the expected value and standard deviation based on a probability distribution of cash flows.
1) The document contains questions from various topics in microeconomics including perfect competition, game theory, oligopoly, monopoly, and capital budgeting.
2) Many questions ask to define key concepts, calculate specific values based on data provided, or discuss differences between various economic models or theories.
3) Examples of questions include defining price discrimination, calculating profit at different output levels, discussing characteristics of oligopoly, and finding the expected value and standard deviation based on a probability distribution of cash flows.
diffirence between positive and negative externaity (3) (P-298)
difference between finity repeated and infinity repeated games(3) (P-209) why firm produce more than one products define capita rationing and why the practice of capita rationing are in use (P-283) define price discrimination give exampe of situation of price discriminations calculate unknown variations from the data its numerica (P-!88"!9!"!9#) i$e this % year sae (y) estimated ine of regression ! 20 !9&' 2 !8 !(&) 2 nd *!& +ifferentiate between Pure and +ifferentiated oigopoy, (3 -ar$s) (P-!8#) *2& Calculate profit Function foowing data given, (3 -ar$s) (P-!3"98"!!'"2(8) *d.!20-!'p and P.20-0&'* /0.'013* +efine 2nvestment 3pportunity 4chedue and -argina 0ost of 0apita,(3 -ar$s)(P-288) *3& 5vg cost6unit of the firm in 2009 was '00 and ()0 in 20!0& 7ind 8earning 9ate, 3 (P-!2() *(& :rite characteristics of 4tacheberg 3igopoy mode, (' -ar$s) (P-!9() *'& :hy forms produce more than one product, (' -ar$s) (P-22!) *)& +ata was provided% (' -ar$s) Probability Cash Flow P!"#0$ ;oom 0&2' '00 <orma &0'0 (00 9ecession 0&2' 300 a&) 7ind =xpected >aue of 7irm, b&) 7ind 4tandard +eviation, *#& ?iven% @.f("$) 1 A (cB-:1r$) Fin% Partial &erivative of 8"C" A with respect to @& (' mar$s (P-!3) impicit cost is opportunity cost,, expain with =xampe&&&&3mar$s (P-!00) homogenous production function &&&&& 3 mar$s (P-!8') interpret followin' (e'ression Equation&&&3 mar$s (P-(() yt . 9&' 1 3&)'Dt yt. saes Euanitity Dt . advertising cost Fin% Pro%uction cost of the function&&&' (P-2()) P . (30 1 '0* /0 . 3000 1 ('* 1 0&03*2(sEuare on *) another Euestion from production function dnt remembr exacty as$ing aby he )ar'inal chan'e in P!*0+$ *. f(8"C)&&&&'mar$ *% difference between cost of capita and cost of debt, 'mar$s (P-288) *% criticism on wiiamFs manageria utiity, ' mar$s (P-23') *% sove the re'ration equation 4t.!0'&3(!&()() (P-(8) 2 for the base year !99! and find for 20!! and 20!', ' mar$s *% :rite down the eements of ?ame theory, ' -ar$s (P-!99) *% describe the faws of customer 0inic 5pproach, 3 -ar$s (P-3') *% +ifference between repacement and cost reduction investment, 3 (P-2#9) *% Slope of ,vera'e cost 50.(00* (P-23#) 3 1()3* 2 6*1!2*1!0, 3mar$s *% describe the marriFs mode, 3 mar$sn (P-2(!) *!& :hat is =xpansion Path and what are the points on =xpansion path, (3 -ar$s) (P-88) *2& +ifferentiate between 0entraiGed 0oation and -ar$et ;ased 0oation, (3 (P-!9#) *3& :hat is the criticism on -aris -ode of growth, (3 -ar$s) (P-2(!) *(& +ifferentiate and discuss 9is$ and Hncertainty, (3 -ar$s) (P-2)3) *'& 0onsider the foowing information of the firm% /ota fixed cost . 9s&2'0 Price eve . 9s& !' 5verage variabe cost . 9s& ' /arget profit eve . 9s& !'0 7rom this information" calculate the break even level of output an% tar'et level of output, (' -ar$s) (P-83) *)& :hat are the 5ssumptions of <eo-0assica /heory, (' -ar$s) (P-23() *#& :hy decision ma$ing is compicated in oigopoy as compared to other mar$et structures, +iscuss, (' -ar$s) (P-!)!) *8& +ifferentiate 0ost of 0apita and 0ost of +ebt, (' -ar$s) (P-288) 4oution to *'& (!) *; . /70 P I 5>0 . 2'0 !' I ' . 2' (2) */ . /70 1 J/ P I 5>0 . 2'0 1 !'0 *&<o!%- +efine 7initey repeated games K 2nfinitey repeated games -ar$s 3 (P-208) *&<o 2%- briefy describe 9is$ attitude 3 -ar$ (P-2)3) *&<o3%- calculate profit 7unction foowing data given 3 -ar$ *d.!20-!'p and P.90-0&'* /0.'013* *&<o (%- Price +iscrimination and types describe in detai ' -ar$ (P-2!3) *&<o '%- characteristic of 7irm and what is main obLective of firm ' -ar$s +ifference between P=97=0/ 03-P=/2/23< and -3<3P38M (P-!80) 4imutaneous games and 4eEuentia games +=?9==4 37 P920= +24092-2<5/23< -=54H92<? 924C :2/N P93;5;282/M +24/92;H/23<4 05P2/58 ;H+?=/2<? P930=44 P5M;50C P=923+ 1) 2 functions were given their derivatives were asked to find. (P-13) 2) what is the usefulness of Game theory? (P-1) 3) how o!!ortunity cost is defined? (P-1"1) #) what is $y-!roduct?? give e%am!le &) what are the characteristics of com!etitive com!etition? discuss them (P-1'1) ') (hy decision making is com!licated in oligo!oly as com!ared to other market structures?? dicuss (P-1)*) *) +ow Game theory hel!s in risk analysis? (P-1) what are the contri$utions of ,ehavioral theory?? (P-2&&) ) last -uestion is also mathematical. a-uestion was given and the re-uirement was to calculate the e%!licit . im!licit cost of enter!reneur..( the same -uestiion which was in assignmnet 1) 0onsider the foowing information of the firm% /ota fixed cost . 9s& 3'0 Price eve . 9s& 20 5verage variabe cost . 9s& !0 /arget profit eve . 9s& 2'0 7rom this information" cacuate the brea$ even eve of output and target eve of output& (-ar$s% 2&'12&') *uestion% 02 Mou have given the foowing inear programming probem% -aximiGe Profit (O) . 9s& 20D 1 9s& 8M 4ubLect to the foowing constraints% 3D 1 !M 1 45 . (0 2D 1 2M 1 4; . 2' (M 1 40 . 30 /he corner points are given as% 0orner points D M 5 0 0 ; # 0 0 ' 3 + 2 # = 0 # Fro) all this infor)ation- fin% the profit (s.$ level at each corner point. (-ar$s% ') (P-!(8" !'0) ?iven the tota revenue and tota cost functions% /9 . 80* I 0&0002'*2 /0 . 2)0"('0 1 '* 10&0003'*2 7ind the profit maximiGing eve of output under monopoy /ota )( *uestions out of which ') -0*P4"( Euestion of 3 mar$s and ( of ' mar$s& . /arks 0uestions1 !-+efine economies of scope& why it is important for firms, (P-!!)) 3-:hat is transfer pricing,why does the probem of transfer pricing arises,discuss (P- 22#) 2-;aumoPs saes maximiGation mode was criticiGed on what grounds, discuss, (P-23') 3-;riefy discuss the basic vauation mode of firm& Now this mode can be adLusted for ris$, (P-2))) (-?iven the foowing tota revenue and tota cost function of a firm /9 . 22* - 0&'*2 /0 . (!63)*3 - 8&'*2 1 '0* 1 90 7ind out the )ar'inal revenue an% )ar'inal cost P!2- *0+$ -osty mcEs were on perfection competition" ?ames and product and their cassification i$e :heat -ar$et" 0igarettes" -ining industry etc Now ?ame /heory can be beneficia in 9is$ 5naysis ' -ar$s (P-2'#) Now ?overnment can exercise -onopoy ?ive 9easons ' -ar$s (P-!)2) Now ;ehaviora /heories contributed in =conomy of 4aes ' -ar$s (P-23') 4H;Q=0/2>= *H=4/23<4% *!& +escribe the types of price discrimination briefy, 3mar$s (P-23!) *2& :hat is opportunity oss, +efine 3mar$s *3& +ifferentiate between the simutaneous move game and the seEuentia move game, 3mar$s (P-208) *(& :hat are the contribution of -59924 -3+=8, +iscuss briefy 3mar$s (P-2(!) *'& +iscuss the characterisitics of oigopoy, 'mar$s (P-!8#) *)& +ata was provided% (' -ar$s) Probabiity 0ash 7ow
;oom 0&2' '00 <orma &0'0 (00 9ecession 0&2' 300 a&) Fin% E3pecte% 4alue of Fir), b&) Fin% Stan%ar% &eviation, -59C4 213 7ind =xpected >aue of 7irm, b&) 7ind 4tandard +eviation, -59C4 213 *uestion% 0! 0onsider the foowing information of the firm% /ota fixed cost . 9s& 3'0 Price eve . 9s& 20 5verage variabe cost . 9s& !0 /arget profit eve . 9s& 2'0