Advance microeconomics all past/previous question papers
Advance microeconomics Final paper in 2017
Q. 1
(a) Explain in detail the impact of overtime pay on labour supply model.
(b) Why labour supply curve is backward bending?
Q.2 Explain in detail cooperative, competitive and cournot conjectural variations.
- How can we determine the equilibrium rate of interest in the capital market? Explain in detail.
- Suppose that Government restrict the quantity of a product that can be produced and marketed by a farmer. How would it affect the decision of a farmer to produce that product in product-product model?
(b) Illustrate intermediate product model by making figures. Why is it not quite a multiple-input multiple-product model?
5 Write short note on following:
- Perfect wage Discrimination
- Product Differentiation
- Tacit Collusion
- Discounted Present Value
- Deadweight loss
Good Luck