ECO-06 Solved Assignment 2018-19
Course Code : ECO-06
Course Title : Economic Theory
Assignment Code : ECO-06/TMA/2018-19
Coverage : All Blocks
Attempt all the questions.
1. State the Law of Diminishing Marginal utility and its limitations.
2. Explain the exceptions to the Law of demand using the distinction between substitution and
3. Explain an industry’s short period equilibrium in conditions of perfect competitions.
4. Explain the determination of a monopolist’s equilibrium in the long period.
5. Discuss the concepts of money wage and real wage. How are competitive wages determined