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  #11  
Old Saturday, April 25, 2015
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numerical side of economics
1- elasticity of demand

if q=300-3p-0.2p2 (p squared)
find elasticity of demand

this question came in SPSC CCE 2013

2 finding shortage and surplus quantity and optimal pricing at equilibrium
ie if qs=.5p-10 and qd=50-p
find p and q at euilibrium

if floor of 42 dollar imposed then what effect will this have on price and quantity . will there be surplus or shortage.
if price ceiling of 30 dollar set then..........?

3- cost and benefit
if B(q)=150+28q-5q2
c(q)=100+8q
MB(q)=28-10q
MC(q)=8
write equation for net benefit
at what level q maximizes?

etc...........
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  #12  
Old Thursday, May 07, 2015
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Anyone solve pervious past papers numerical questions or share all trends of numerical portions.
Mention numerical topics name according to pervious and new syallabus.
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