Course: Micro Economics (5406) Semester:
Autumn, 2019
Level: ADC/BS Total
Marks: 100
Pass
Marks: 50
ASSIGNMENT No.
1
(Units: 1–4)
Note: Attempt
all questions.
Q. 1 Explain the
Law of Demand and describe the difference between a movement along a demand
curve and a shift of the demand curve. (20)
Q. 2 Differentiate between command economy and
market economy. Also discuss the advantages and disadvantages of command
economy and market economy. (20)
Q. 3 Define marginal utility.
Explain in detail the law of diminishing marginal utility. (20)
Q. 4 Write notes on the followings: (20)
a. Production
Possibility Frontier
b. Is Economics
a Science or an Art?
Q. 5 “Equilibrium
of price is one at which the amount demanded is exactly equal to the amount
supplied” explain. Q:1
Q:2 Differentiate between command economy and
market economy. Also discuss the advantages and disadvantages of command
economy and market economy.
For autumn 2019 assignments click on this link Solved assignments autumn 2019 aiou all codes
Post a Comment