Eco402 VU Midterm Current Paper (May 2011)
Friday, May 13, 2011 Posted In .Midterm May 2011 Edit ThisEco402
MCQS=22
Long = 5
Q23. Define the Diminshing Marginal Utility & Equi-Marginal Utility.(3)
Q24. Define Consumer Surplus and describe its benefits briefly. (3)
Q25. Describe the followings:
a) Marginal Cost and Marginal Revenues
b) Total Cost and Total Revenues
Q26. Discuss the different preferences toward risk with the help of examples
Q27. When do the economics of scope exits? Spout your answer with the help of Example. Hw can u measure the degree of economics of scope? Explain with the help of Formula.
