# AIOU SOLVED ASSIGNMENT 2 CODE 402 SPRING 2016

## SOLVED ASSIGNMENT 2 CODE 402 PRINCIPLES OF ECONOMICS

Aiou solved assignment 2 for principles of economics code 402 for the semester spring 2016. This is the second solved assignment for principles of economics code 402 for general bachelor level students or for commerce students of Open University. The questions of this assignment are five and we are going to provide the solution of all these questions. The questions which need to solve are as follow:-
Q 01: A what is the meaning of Market, and what are the types or kinds of market please give short notes of it.

Q 01: B write an informative note on different situations of competition in Market.

Q 02:- How a firm can get equilibrium in monopoly competition under short term and long term, explain.
Q 03:- (A):- What is organization, what is its importance, functions of entrepreneur, and kinds of organization. Give comprehensive comments.
Q 03:- (B):- Explain law of dimension return with the help of schedule and diagram.

Q 04:- (A):- What are Mustaghrajat, different kind of Mustaghrajat with the help of examples.
Q 04:- (B):- Write down the formula of arithmetic mean and median, from the following table calculate the arithmetic mean and median.

Q 05:- Write a short note on the following:-
A) Hamzad Musawatain, B) Factors of Production. C) Profit, D) Geometric Mean.
All the above questions solution are being provided.