University Of Punjab Lahore B.COM Part 1 Past Paper Of Economics Year 2012
University of Punjab Lahore B.COM Part 1 Past Paper of Economics year 2012
UNIVERSITY OF THE PUNJAB, LAHORE
PART – I A/12
Examination: – B. Com.
Roll No. . . . . . . . . . . . .
Subject: Economics TIME ALLOWED: 3 hrs.
PAPER: BC-303 MAX. MARKS: 100
Attempt any FIVE questions.
All questions carry equal marks.
Q. 1. State and explain Marshall’s definition of Economics. On what ground it has been criticized?
Q. 2. State and explain the law of Equi-Marginal Utility with the help of a schedule and diagram.
Q. 3. Define an indifference curve, state and prove the main properties of indifference curves with the help of diagrams.
Q. 4. State, explain and criticize Ricardian Theory of Rent.
Q. 5. What is Perfect Competition? How is the price and output determined under Perfect Competition?
Q. 6. Explain the different methods of measurement of National Income.
Q. 7. What is the role that an Islamic State can play in a modern society?
Q. 8. The cost function is:
TC = 1000 + 25Q – 5Q2 + Q3
(i) Find MC, AC and AVC
(ii) Find slope of MC and AVC