1. Questions Pages #
Explain the Law of Diminishing Marginal utility with the help of schedule and
diagram
27
Explain the Consumer’s Equilibrium through Indifference Curve Analysis. 46
Define Elasticity of Demand. How it can be measured? 65
Explain the law of Variable proportion with the help of Schedule and Diagram. 105
What is monopoly? How is price and output determined under monopoly? 145
Discuss in detail the Liquidity Preference Theory of Interest? 165
Define National Income and explain various methods of its Measurement? 182
Cost of Production and Partial Derivatives from Mathematical Economics. 230, 255
Explain the Law of Equi. Marginal Utility with the help of Schedule and
Diagram?
31
What is Indifference Curve? Discuss the Major Properties? 39
What are the Various Types of Elasticity of Demand? Explain with mathematical
examples.
70
Explain the Law of Diminishing (marginal) Return with the help of Schedule and
Diagram?
108
Explain and Illustrate the Cost Curves of the firm in the Short Run and Long
Run?
127
Define Monopolistic Competition. How Price and Output is Determined under
Monopolistic Competition?
150
Define Perfect competition. How Price and Output is Determined Under
Monopoly?
139
Explain the Marginal Productivity Theory with its Criticism? 163
Critically Examine the Ricardian Theory of Rent? 169
Define National Income and Discuss the Various Concepts of National Income? 179
Discuss Various Types and Canons of Taxation? 202, 205
Differentiate between Zakat and Tax? Also discuss the impact of Zakat. 219, 222