A Monopoly faces market demand given by Q = 100 – 2P, where Q stands for quantity and P for price. Total cost function is given by C (Q) = 10Q. Find the profit maximising price and quantity and the resulting profit to the monopoly. Also show that the equilibrium price adheres to the optimal markup rule based on demand elasticity

Compare the possibility of earning Economic profit by the firms operating under the three types of markets, viz. perfect competition, monopoly, and monopolistic competition

Discuss in brief different measurements on ulna and radius.

Define osteometry. Describe in brief Femur.

Discuss Norma verticalis.

Overview of life history and biology of Homo erectus

Comparison between Neanderthal man and Homo sapiens

Evolution and Extinction of Australopithecus

Ramapithecus

Stratigraphy

What do you understand by Lifeways and Homo sapiens sapiens?

Discuss Hominization

Define Palaeoanthropology, its aims and scope.

Consider the following Table 1 which represents unit labour requirements for the production of commodity X and Y by country A and B, and answer the questions that follow:

Table 1: Unit labour requirement for production of Good X and Y by Country A and B

(i) Which country among A and B has absolute advantage in producing commodity X and which has in producing commodity Y? Give reason.

(ii) Which country among A and B has comparative advantage in producing commodity X and which has in producing commodity Y? Give reason.

(iii)Suppose after trade each country specialises in production of commodity in which it has a comparative advantage, which country will specialise in producing commodity X?

Compare the absolute Advantage theory of trade with the Comparative advantage theory of trade. A country can have a comparative advantage in producing a good even if it is absolutely less efficient at producing that good. Do you agree? Explain using an example

Consider the case of two countries, country A and country B which are assumed to be capital and labour abundant, respectively. Each country indulges in producing and consuming two goods, good X and good Y which are assumed to be labour and capital intensive, respectively. In autarky, equilibrium quantities of good X and good Y produced by country A are 60 and 80 units, respectively, while that produced by country B are 85 and 50 units, respectively. Post trade between these two countries, the equilibrium quantities of good X and good Y produced by country A become 50 and 100 units, respectively, while that produced by country B become 100 and 40 units, respectively. After trade, each nation consumes 75 and 70 units of good X and good Y, respectively. Further assuming all the assumptions of the H-O theory hold, attempt the following questions: 

(i) Illustrate the above case using the production possibility curves and the indifference curve.

(ii) Which country among A and B will import good X and which will import good Y?

(iii) Are exports of good X by one country equal to another country’s imports of good X? What can be said about the import and export volume of good Y?

iv) What does the slope of the line passing through the post trade production and consumption combination of good X and good Y of both the countries represent?

Tourism and sustainable development

Acculturation

Pilgrimage

Ecotourism