Q. 2
Explain the equilibrium of firm and price fixation in Duopoly when both firms have different elastic Average Revenue and Marginal Revenue curves.
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FPSC · CSS 2015
Economics, Paper I
This paper
Economics · all yearsQ. 2 · Explain the equilibrium of firm…Q. 3 · Compare and contrast the equilibrium…Q. 4 · Explain as how new investment…Q. 5 · Explain as how the process…Q. 6 · Define Monetary Policy and explain…Q. 7 · Why Micro and Macro Economics…Q. 8 · Write notes on the following:With this paper← 20142015 →3 hours · questions hide until you reveal them
Part II
Q. 3
Compare and contrast the equilibrium of the firm under Perfect Competition and Monopolistic Competition.
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Q. 4
Explain as how new investment impact on national income under Multiplier Effect. Illustrate with table and graph.
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Q. 5
Explain as how the process of Creation of Credit Money is adopted by the banks?
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Q. 6
Define Monetary Policy and explain its instruments which control the inflation and deflation in the economy.
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Q. 7
Why Micro and Macro Economics is prerequisite for complete Economic analysis? Explain.
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Q. 8
Write notes on the following:
- (a)How would you identify the Supply Curve of the firm under Perfect Competition in the long Term? Explain with graph.
- (b)Do you think that a Monopolistic firm can earn unlimited profit by maximizing the price?
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The 2015 CSS Economics paper set by the FPSC. Question wording only; questions marked “Not yet checked” have not been compared with the official paper yet.
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