Solved assignment for course Code 402 Economics
Dear Students we are glad to post solved assignment 1 for course code 402 Economics. We are writing the questions of assignment and giving you the page number of your AIOU book. Page number is mentioned in front of each question.
SOLVED ASSIGNMENT CODE 402 (ECONOMICS)
Q 1: What is the meaning or definition of Economics? (Page 20 and 21)
Q1: What is difference between micro and macro economics with example? (Page 28 and 29).
Q2: Explain the law of marginal utility with the help of table and diagram? (Page 56 – 57 – 58).
Q2: Also explain that law of equilibrium marginal utility depends upon the law of Marginal Utility? (Page 70)
Q3: Explain the division of price effect, income effect, substitution (istabdaliy) effect with the help of diagram? (Page 121 – 122 – 123 – 124 – 125 – 126)
Q4: Please draw a supply line of industrial with the help of supply line of firm? (Page 196).
Q4: Please also find supply line of firm from the line of marginal cost? (Page 190 – 191 – 92)
Q5: Please write short notes on the following:-
(i) Average Utility and Marginal Utility (Page 52)
(ii) Reducing ratio of marginal substitution. (Page 99 -100)
(iii) Consumer equilibrium under the theory of utility. (Page 75-76-77)
(iv) Total cost (Page 161) and marginal cost. (Page 172)
We thank full to your appreciation. You can also find both solved assignments of course code 1424 English compulsory and principles of accounting course code 438. The remaining three assignments of this course code 402 will post on this site very soon.