University Of Punjab Lahore B.COM Part 1 Past Paper Of Economics Year 2013
University of Punjab Lahore B.COM Part 1 Past Paper of Economics year 2013
NIVERSITY OF THE PUNJAB, LAHORE
PART – I A/13
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. Explain the Law of Diminishing Marginal utility with the help of schedule and diagram.
Q. 2. Explain the Consumer’s Equilibrium through Indifference Curve Analysis.
Q. 3. Define Elasticity of Demand. Discuss its various types with mathematical explanation?
Q. 4. Explain the law of Variable proportion with the help of Schedule and Diagram.
Q. 5. Define Monopoly? Discuss various possibilities of equilibrium of the under it.
Q. 6. Critically examine the marginal productivity theory of factors pricing?
Q. 7. Define tax. Discuss various canons of taxation in detail.
A) The total cost function is given:
TC = 1/3Q3 – 10Q2 + 50Q + 45, Find:
i. Find MC and Slope of MC
ii. At what Quantity MC = AVC
B) Prove that both Cross Partial Derivatives are Equal.
Z = 50 + 6X – 12Y + 16X2Y3 – 10X3Y2