Assignment GDB Solution: ECO402 Microeconomics


ECO402 Microeconomics Assignment 1 Solution Fall 2014

1) Calculate cost of basket/expenditures of Ali in year 2011. Solution: Market basket at base period prices =80*10+55*32=2560 b) Calculate cost of basket/expenditures of Atif in year 2013. Solution: Market basket at current period prices =95*28+130*12=4220 c) How much adjustment in ideal cost of living is required by Atif to attain the same level of […]

ECO402 Microeconomics GDB 1 Solution Spring 2014

Proctor & Gamble (P&G) Limited is a large brand management company founded in 1837. With imagination, innovation and integrity, seven generations of P&G employees have worked to create products and build their founder’s dream of touching and improving lives every day. P&G’s history as a branding innovator began in 1850 with the company’s early candle crates. In 1879, it introduced a floating soap, Ivory. The company […]

ECO402 Microeconomics Assignment 1 Solution Spring 2014

The Case: Pakistan is a large potato producing country. Over the years, potato has become an important crop for both farmers and consumers in Pakistan. It is the fourth most important crop by volume of production.Potatoes were being sold at Rs.30 per kilogram in the vegetables market a few months ago. The quantity demanded and quantity supplied for potatoes […]

ECO402 Microeconomics GDB Solution Fall 2013

The case: Garments industry in Pakistan has been developed at very fast pace from last few years. There are large numbers of Pakistani garments brands like Bonanza, Outfitters, Breakout, Next, Forecast, Cross road, Chen one etc. These brands are producing quality products with innovative designs. They import some inputs from abroad for the production. Garments brands from all around […]

ECO402 Microeconomics Assignment 1 Solution Fall 2013

The Case: Nestlé Pakistan Limited is working in Pakistan since 1988 under a joint venture with Milk Pak Limited. The Company has production plants at four places. It has effective marketing and a vast distribution network throughout the country. According to Nestle Pakistan’s filing with Karachi stock exchange,the company’s net sales grew by 6.4 percent in January-September 2013 as compare to the […]

ECO402 Microeconomics Assignment 2 Solution Spring 2013

Due to large consumption of edible oil, Pakistan faced severe shortage of its domestic production from last few years. This demand supply gap has been bridged through import of edible oil in large quantity. High edible oil imports are causing a huge burden on the country’s foreign exchange earnings. The main edible oils consumed by Pakistanis are vegetable/palm oil, cotton seeds oil, mustard oil,sunflower […]

ECO402 Microeconomics Assignment 1 Solution Spring 2013

Thailand is the world second largest exporter of rice. Rice production in Thailand represents a significant portion of the labor force of Thailand’s economy. It is a necessity good for the people of this country. It is also used in the production of cereals and biofuels. Domestic rice industry is providing finest varieties of rice to the people of thiscountry. Suppose, in […]

ECO402 Microeconomics Final paper 28 February 2013

Long questions for ECO402 52 MCQs Rent seeking? Different ways of rent seeking? Price ceiling usually result in a deadweight loss,why? Why does price leadership sometimes evolve in oligopolistic markets? Explain how the price leader determines a profit-maximizing price. Explain the basic difference between the terms ‘monopoly’ and ‘monopsony’. Give some examples of third-degree price […]