ECO404 Final Term Past Papers by Rana Abubakar Khan

Alhamdolillah finished with my Last Difficult paper of the MBA

Total was 57 Questions

47 MCQs

All the paper was very easy and from the syllabus gave by the teacher as below

Lecture # 14 – 21 Lecture # 31 – 35 Lecture # 40 – 45

You can prepare all the above lessons even in 1 Day (8 Hours)

All the topics was beautifully covered from the above lessons

1. Below Same Numerical came in my paper from Handouts:

EXAMPLE: OUTPUT MAXIMIZATION Maximize Q = 12L0.5K0.5 Subject to: C = 25L + 50K; When cost constraint is $1414. 1414 - 25L - 50K = 0 Solution:

FOC LL = 6L-0.5K0.5 - 25l = 0 (1) LK = 6L0.5K-0.5 - 50l = 0 (2) Ll = 1414 - 25L - 50K = 0 (3) K/L = ½ so substitute K = L/2 in Eq (3), we get 1414 = 25L + 50(L/2) or 50L = 1414 so; L = 28.28 and K = 14.14 Q = 12 (28.28)0.5(14.14)0.5 = 12(5.31)(3.76) Q = 240 units Example: Cost Minimization Minimize C = 25L + 50K Subject to: Q = 12L0.5K0.5 When production constraint is 240 units Solution:

FOC LL = 25 - l6L-0.5K0.5 = 0 (1) LK = 50 - l6L0.5K-0.5 = 0 (2) L l = 240 - 12L0.5K0.5 = 0 (3) K/L = ½ so substitute K = L/2 in Eq (3), we get 240 = 12L0.5(L/2)0.5 ;L = 28.28 and K = 14.14 Therefore C = 25L + 50K = 25(28.28) + 50(14.14) = $1414

2. Define production function with the help of equation

3. Question of Pepsi and Coca-Cola was given from Lesson-32 (Table-1)

4. Degrees of Price Discrimination

5. use of game theory in risk analysis

6. 2 Numericals from Derivation (quadratic and Partial Derivative)

Baqi bhooooool gaya

AOA..

21 aug paper was:

PI decision rules payy off matrix was given , i have to choose that if firm b don't advertise then what should firm A? economics of scope function Q= 15L power0.5 K power 0.4 tell function is constant , increasing or decreasing.

find out MRPL tables was given find out Expected return and S.D.. Table was given difference between simultaneous move games and sequential games with examples find AC and learning rate . output and TC was given minimize cost fun C = 20L+30K sub to 10L power0.5 K power0.5 Wish u best of luck for all......

1. A leading textile firm of the country is considering undertaking a new investment project of children garments. Following table shows the probabilities of success and failure of project with associated utilities and outcomes.

State of nature · Probability · Monetary outcome Associated utility Success · 0.40 · Failure · 0.60 · -12000 · -4

Calculate the expected utility E(U) in two states , what would be the decision of undertaking the project if the manager is risk averse?

(Marks: 3+2)

2. Following diagram shows example of third degree price discrimination. A producer is charging low price from students as compared to general public.