1
Differentiate financial and economic costs with suitable example. The total revenue (TR) and Average Cost (AC) functions of a firm are given by
TR=4350Q-13Q2AC=Q2-5.5Q +150+675Q2
Where Q refers to quantity of output.
Find the profit maximizing level of output and maximum profit.
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2
Find the equilibrium output,
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3
Find the equilibrium output when investment increases from $70 to $90.
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4
Consider the linear regression model y = -1.5x +5.6+e, where e is a normal random variable with mean 0 and variance 0² = 4. Determine the mean and standard deviation of when x=2 and x = 4.5
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1
Define substitution effect and income effect of a price change and explain these with suitable graphical presentations.
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2
What is money multiplier? Why is there a precautionary demand for money? explain the costs of being illiquid and liquid.
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3
What are the tax revenue at equilibrium output? Does the government have a balanced budget?
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4
What has happened to the relationship of government spending and tax revenues? Why?
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5
What does the Heckscher theory postulate? Which force do Heckscher and Ohlin identify as the basic determinant of comparative advantage and trade? Explain.
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6
What is the difference between an nominal tariff and an effective tariff? Explain the usefulness of the concept of effective protection? How is the rate of effective protection measured?
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7
What do you mean by import substitution and export-oriented policies? List the merits and demerits of each as a method of industrialization for a developing nation like Bangladesh.
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8
How would you detect the problems of multidisciplinary and heterosexuality in a regression model? Explain their remedial measures.
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9
Explain the properties of OLS estimators under the normality assumptions. When Minima Likelihood (ML) method is used for estimation. What is the basic principle of ML method?
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1
What is the full form of EPABX?
What is the full form of EPABX?
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2
Expand the term SWIFT.
Expand the term SWIFT.
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