# SOLVED ASSIGNMENT 02 CODE 402

## Solved Assignment # 02 Course Code 402 Economics

### Solved assignment 2 code 402

Q 1: What is the meaning of market? Please also write a detailed note on factors that fixes the scope of market? (Page 216 – 217).

Q 2: In short period, how a firm get equilibrium position under few monopoly condition. (Chend ki ijaradary kay tahat arsa qaleel main firm kaisay tawazni halat ko ponchti hai.) And what is the behavior of this type of firm under long period? (is qisam ki firm arsa taweel main kiya rawaya ikhtiyar karti hai, wazahat karain. (Page 270 – 271 – 272 – 273).

Q 3: What is efficiency of labor? (Mehnat ki Istahdat say kiya murad hai (Page 290).
Q 3: Under what conditions we can say that labor has low movements as compare to capital? (Kin bunyadon par mehnat nisbatan sarmayey say kam harkat pazeer hoti hai) (Page 291).
Q 3: Please explain the law of decreasing returns (Qanoon –e- Taqleel lay Hasil) with the help of table and diagram? (Page 307 – 308 – 309).

Q 4: What is profit? (Page 351)
Q 4: Difference among=-
Total Profit (Page 351 – 352)
Net Profit (Page 352)
Normal Profit (Page 352 -353)
Monopolistic Profit (Ijaradarana profit) (Page 353)
Q 4: Please also explain different theories about profit. (Page 353 – 354)

Q 5: Write short note on the follow:-
Kinds of Functions (Tafael) (Page 372 – 373 – 374)
Kinds of Derivation (Istekhraj ki Iqsam) (Page 392 – 393 – 394 – 395 – 396 – 397 – 400 – 401)

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