Blogger Text

My Aim to Provide you quality contents, Tips & Tricks, Software, Microsoft Office, Graphic Editing (Adobe PhotoShop, After Affects, Illustrator, inDesign) Corel Draw, Corel Video Studio, Cyberlink PowerDirector, Power ActionCinema, Tutorials about Blogging and VU Assignments, Quizes & GDB Solutions and Much More... at regular Basis
                                     ***    Kindly Subscribe our Official YouTube Channel "INFOPALACESS OFFICIAL-Tuts: in this channel we upload Programming (C,C++,C# JAVA, PHP), Web Development, Graphics Editing and Microsoft Office Step by Step Tutorials from bigginer to Advance Level. We also provide free online courses at our YouTube Channel. ***   Graded Assignments/Quizes and GDB will start in Next Week. Solution ideas of All assignments, Quizes and GDB will be available here. If you have any problem regarding this then you can contact us.

ECO401 Assignment No 1 Spring 2018

ECO - 401 Assignment No 1 Solution Spring 2018

Here, I am providing you "Solution of ECO-401  Assignment No 1 due date is 23-05-2018

Note: Please don't make exact copy of this document and make Changes in this assignment, write it in your own words always correct any errors if you found. I am not responsible for zero Marking.

Update:  If you want  to source file in docx format then just visit the link given below to download Solution file of ECO-401





How to Download the File :           Watch video below to see the steps to download file  

Instructions 
Steps 1: Click at link given above
   2:  Enter Captcha Code  
   3:  Wait for 8 Seconds
   4:   Click at Link Generated below             the captcha box
   5:   That's it. You have downloaded

Note: We guarantee you that our site is 100% Malware and virus free so please Please Disabled your Ad-blocker to  Download the file from our site..


      
          
If you still facing any problem then please let me know about your problem regarding downloading file and leave a comment below because your feed back is very important to us to make our website more reliable and useful. 





ECO 401  Assignment Solution: 


Demand function for wheat crop

Qd =15000-30p+p2
Demand function for sugarcane crop:
Qd =12000-20p+2p2

Q1. 
 
a) If market price of wheat is Rs.1300 per ton Qd =15000-30p+p2
Qd=15000-30(1300) + (1300)2
Qd= 15000-39000+1690000 Qd=1666000 dQ / dP= -30+2P dQ/dP =-30+2(1300) dQ/dP = 2570
The formula of elasticity = (dQ / dP) (P/Q)
                              =2570*(1300/1666000)
                                =2.01
 
b. If market price of sugarcane is Rs. 180 per ton. 

Qd =12000-20p+2p2
Qd = 12000-20(180) +2(180)2
Qd =12000-3600+64800 Qd = 73200
dQ / dP= -20+4p dQ / dP= -20+4(180) dQ / dP= -20+720 dQ / dP=700
The formula of elasticity = (dQ / dP) (P/Q)
                               =700*(180/73200)
                                 =1.72
Q2.
Subsidies for producers increase supply and the quantity demanded by consumers. The government provides production subsidies whenever it is in the interest of the public in order to meet demand. As the producer increases supply, the cost of production is reduced, allowing the supplier to profit from both the subsidy and lower costs. As the result prices also decreases of   Agricultural products in domestic market  



NOTE:  IF YOU FOUND ANY MISTAKE THEN CORRECT IT PLEASE DON’T MAKE EXACT COPY OF THIS SOLUTION, MAKE CHANGES TO AVOID ZERO MARKING. IM NOT RESPONSIBLE FOR IT. 


Post a Comment

0 Comments