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COTM Assignment

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95 views3 pages

COTM Assignment

Uploaded by

lucasmoha14
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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DIRE DAWA UNIVERSITY

COLLEGE OF BUSINESS AND ECONOMICS

DEPARTMENT OF ECONOMICS

Guide;

 You are expected to include relevant points related to the course.


 Submit in clear and readable format (has value).
 Submission date – On your final exam date
 Total mark : 20%
 The maximum number of group members must be 6, beyond it will not be acceptable.

1. what are the causes for business cycle ?


2. Differentiate the pure monopoly and the monopolistic market structure?
3. What is the difference between real and fancied differentiation. Explain using
practical examples?
4. Define the national income account ? What is the difference between GDP and
GNP? Which one is a better measure of the economic performance of a country?
5. What are causes for inflation ? What is its impact on the economy?
6. Discuss the three types of unemployment ?
7. Differentiate the perfectly and the imperfectly competitive market structure ?
8. List the examples of oligopoly and Duopoly type of market structure ?
9. What are the sources for the existence of monopoly ?
10. What is policy ? discuss with types of economic policy ?

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11. Suppose that the firm operates in a perfectly competitive market. The market price of
his Product is birr 10. The firm estimates its cost of production with the following
cost function:
TC = 10q - 4q2 + q3
A. What level of output should the firm produce to maximize its profit?
B. Determine the level of profit at equilibrium.
C. What minimum price is required by the firm to stay in the market?

12. Suppose a given firm operating in a perfectly competitively market.

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TFC = birr 600
TVC = birr 500 and TR = birr 700. Should the firm stay in the business? What will be
your answer if the TR changes to birr 450?
13. How is profit maximized by a firm under perfect competition when:
a. MR > MC b. MC > MR

14. Suppose cost of production of a firm is given by:


TC = 128+50Q-16Q2 +2Q3
a. What amount of the product should be produced to maximize profit of the firm if price per

b. Unit output is 74? Find the maximum profit or loss.

c. What quantity of the product should be produced if price per unit is 40?

d. Find the maximum profit. What will be the decision of the firm to stay in production or stop
operation? Why?

e. What will be the decision of the firm if price per unit is 10?

f. What is the shut down price level?

g. Determine the supply function of the firm with domain or range of out put

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