# SOLVED ASSIGNMENT COURSE CODE 402 ECONOMICS

## 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.

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السَّلآمُ عَلَيْكُمْ وَرَحْمَةُ الله وبَرَكآتُه. Assalam-O-Alaikum, Dear, Students we are providing free of cost solved assignments. Get it & Share it. For More Assignments Stay Connect with us. "DON'T MISS NAMAZ"
1. Reply Ashhar August 29, 2015 at 10:10 am

the page numbers on above foe economics 402 for english are not correct. please correct them.

• Reply Error August 29, 2015 at 11:29 am

These pages are from urdu book

2. Reply Ashhar September 3, 2015 at 11:41 am

can you please post pages from english book????

3. Reply Muhammad Hassan khan September 3, 2015 at 4:51 pm

ashhar can you send me the assignment paper of economics in English.

• Reply Ashhar September 5, 2015 at 7:19 am

can i have ur email address for paper to be sent.

• Reply Ashhar September 5, 2015 at 7:52 am

Assignment No.1
Q.No.1 – Explain different definitions of economics. Also differentiate between
micro and macro economics.

Q.No.2 – (a) Explain the equilibrium of a consumer with the help of utility
approach.
(b)Explain the division of price effect into substitution effect and income
effect in the cases of normal good and inferior good.

Q.No.3 – (a) What is meant by point elasticity and arc-elasticity? Explain with the
help of diagram and formula.
(b) With the increase in price of tomato from Rs.50 per kg to Rs. 100 per
kg in blue market, the demand for tomato has gone down from 40 kg
to 30 kg.
Calculate the demand elasticity.

Q.No.4 – (a) Differentiate Between average cost and marginal cost with the help
of a table and diagram.
(b) Differentiate between total revenue and average revenue under
perfect competition and imperfect competition with the help of table
and diagram.

Q.No.5 – Write notes on the following:
(a) Assumption of Law of Diminishing Marginal utility.
(b) Can price Effect be Positive?

• Reply Muhammad Hassan khan September 5, 2015 at 9:19 am

my email is hassanaisha3333@gmail.com , If possible for you, please send me the answers.

• Ashhar September 7, 2015 at 6:41 am

m also looking for answers 🙁

4. Reply Ashhar September 5, 2015 at 8:03 am

Assignment No.2

Q.No.1- (a) What is meant by a market? Also write a note on the types of market in detail.
(b) Discuss, critically, the different shapes and forms of competition in the market.

Q.No.2 – Explain the equilibrium of a firm under perfect competition in the short — run and long run.

Q.No.3 – (a) Define organization. Also discuss in detail the importance of organization, functions of
entrepreneur and types of organization.
(b) Explain the law of decreasing return with the help of table and diagram.

Q.No.4 – (a) What are derivatives? Explain their different types with the help of suitable examples.
(b) Write down the formulas of arithmetic mean and median. Calculate from the following
table arithmetic mean and median.

Class Interval Frequency (f)
0-50 15
51-100 18
101-150 12
151-200 10
201-250 19
251-300 24
301-350 11
351-400 9
401-450 7

Q.No.5 – Write short notes on each of the following:
a. Simultaneous Equations
b.Factors of production
c.Profit
d.Geometric Mean

5. Reply Ashhar September 5, 2015 at 8:11 am

Assignment No.3

Q.No.1 – Explain Different concepts of national income. Also discuss the different methods of measuring
national income.

Q.No.2 – What is consumption? Also discuss different factors which effect consumption.

Q.No.3 – What is money? Also discuss in detail in detail the Quantity Theory of Money.

Q.No.4 – Discuss different types of banks. Also discuss in detail the functions of central bank.

Q.No.5 – Write short notes on the following:
(i) Merits and Demerits of International Trade.
(ii) Determination of Exchange rate under in convertible paper money.

6. Reply Ashhar September 5, 2015 at 8:32 am

Assignment No.4

Q.No.1 – What is meant by protection? Also write a note on the types of custom duty and import quota.

Q.No.2 – Write a detailed note on the importance, growth, principle and classification of government
expenditures.

Q.No.3 – Define fiscal policy. Also write a note on the importance and objectives of fiscal policy.

Q.No.4 – What is meant by economic development? Also discuss in detail the different standards which
determine the economic development of a country.

Q.No.5 – Define planning? Discuss different types of planning. Also explain the objectives of economic
planning.

7. Reply Koopa October 8, 2015 at 8:51 am

How can we get the solved assignment of code 402 economic in english answers ?