ECONOMICS

TIME 2 HRS

MARKS: 75

NOTE: 1. ALL QUESTIONS ARE COMPULSORY

2. GIVE TABLES/DIAGRAM WHREVER NECESSARY
3. FIGURES TO THE RIGHT INDICATE FULL MARKS
Q1. ANSWER ANY FIVE CONCEPT:1.
2.
3.
4.
5.
6.
7.

MICRO ECONMICS.
SCARCITY.
INCREASE IN DEMAND.
RELATIVE ELASTIC DEMAND & RELATIVE INELASTIC DEMAND.
DEMAND FORECASTING.
COMPOSITE & COMPLEMENTARY GOODS.
CROSS ELASTICITY OF DEMAND.

Q2a. WHAT IS ISO-QUANT? EXPLAIN ANY 4 PROPERTIES?

Q2b. DISTINGUESH BETWEEN FIXED COST & VULNERABLE COST?
OR
Q2p. EXPLAIN LAW OF VARIABLE PROPORTION WITH DIAGRAM?
Q2q. EXPLAIN RELATIONSHIP BETWEEN AC & MC?
Q3a. EXPLAIN BEHAVIOUR OF TR & MC UNDER PERFECT COMPETITION?
Q3b. WHAT IS BREAK EVEN ANALYSIS? EXPLAIN LINEAR BREAK EVEN ANALYSIS?
OR
Q3p. EXPLAIN TR & MC APPRAOCH OF A FIRM UNDER IMPERFECT COMPETITION?
Q3q. WHAT IS BREAK EVEN ANALYSIS? EXPLAIN NON-LINEAR BREAK EVEN ANALYSIS?

Q4a. EXPLAIN MR-MC APPROACH OF EQUILIBRIUM OF A FIRM UNDER PERFECT

COMPETITION?
Q4b. WHAT IS OLIGOPOLY? EXPLAIN ITS EATURES?
OR
Q4p. WHAT IS MONOPOLISTIC? EXPLAIN LONG RUN EQILIBRIUM OF THE FIRM UNDER IT?
Q4q. WHAT IS MONOPOLY? EXPLAIN ITS TYPES?
Q5. WRITE A SHORT NOTE ON (ANY 3)
1.
2.
3.
4.
5.

15M

VARIATION IN DEMAND
TYPES OF PRODUCTION FUNCTION
FEATURES OF PERFECT COMPETITION
ASSUMPTIONS OF LAW OF DEMAND
ADVANTAGES OF BREAK EVEN ANALYSIS

8M
7M
8M
7M
8M
7M
8M
7M

8M
7M
8M
7M
15M

ECONOMICS
TIME 2 HRS

MARKS: 75

NOTE: 1. ALL QUESTIONS ARE COMPULSORY

2. GIVE TABLES/DIAGRAM WHREVER NECESSARY
3. FIGURES TO THE RIGHT INDICATE FULL MARKS
Q1. ANSWER ANY FIVE CONCEPT
1.
2.
3.
4.
5.
6.
7.

IMPORTANCE OF MICRO ECONOMICS

EFFICIENCY
INCREASE IN SUPPLY
INCOME ELASTICITY OF DEMAND
INFERIOR GOODS
TOTAL PRODUCT
STOCK

Q2a. EXPLAIN INTERNAL & EXTERNAL DISECONOMIES OF SCALE?

Q2b. EXPLAIN AVERAGE FIXED COST AND AVERAGE VARIABLE COST?
OR
Q2p. WHAT IS ISO-QUANT AND EXPLAIN ITS PROPERTIES?
Q2q. DISTINGUESH BETWEEN VARIABLE COST AND FIXED COST?
Q3a. EXPLAIN TR-TC APPROACH OF EQUILIBRIUM OF A FIRM UNDER PERFECT
COMPETITION?
Q3b. WHAT IS BREAK EVEN ANALYSIS & EXPLAIN ITS IMITATION.
OR
Q3p. EXPLAIN TR-TC APPROACH OF EQUILIBRIUM OF A FIRM UNDER IMPERFECT
COMPETITION?
Q3q. WHAT IS BREAK EVEN ANALYSIS & EXPLAIN LINEAR BREAK EVEN ANALYSIS?
Q4a. EXPLAIN SHORT RUN EQUILIBRIUM OF FIRM UNDER PERFECT COMPETITION
WHEN AR=MR?
Q4b. WHAT IS MONOPOLISTIC? EXPLAIN ITS FEATURE?
OR
Q4p. WHAT IS MONOPOLY? EXPLAIN LONG RUN EQUILIBRIUM OF THE FIRM?
Q4q. WHAT IS OLIGOPOLY? EXPLAIN ITS TYPES?
Q5. WRITE SHORT NOTE ON
1.
2.
3.
4.

15M

(ANY3)

DETERMINENTS OF SUPPLY
ECONOMIES OF SCALE
EXCEPTION OF LAW OF DEMAND
FEATURES OF PERFECT COMPETITION

8M
7M
8M
7M

8M
7M

8M
7M

8M
7M
8M
7M
15M

5. REVENUE

ECONOMICS
TIME 2 HRS

MARKS: 75

NOTE: 1. ALL QUESTIONS ARE COMPULSORY

2. GIVE TABLES/DIAGRAM WHREVER NECESSARY
3. FIGURES TO THE RIGHT INDICATE FULL MARKS
Q1. ANSWER ANY FIVE CONCEPT
1.
2.
3.
4.
5.
6.
7.

15M

MACRO ECONOMICS
CHOICE
DECREASE IN DEMAND
PERFECTLY ELASTIC & INELASTIC DEMAND.
SURVEY METHOD
COMPETITIVE DEMAND & COMPOSITE DEMAND
PRICE ELASTICITY OF DEMAND

Q2a. EXPLAIN INTERNAL & EXTERNAL ECONOMIS OF SCALE

Q2b. EXPLAIN BEHEVIOUR OF TOTAL COST?
OR
Q2p. EXPLAIN THE RELATIONSHIP BETWEEN LONG AVERAGE COST &
ECONOMIES OF SCALE?
Q2q. EXPLAIN LAW OF RETURN TO SCALE?
Q3a. EXPLAIN BEHAVIOUR OF TR & MC UNDER IMPERFECT COMPETITION?
Q3b. WHAT IS BREAK EVEN ANALYSIS & EXPLAIN ITS ADVANTAGES AND

8M
7M

8M
7M
8M
7M

DISADVANTAGES?
OR
Q3q. EXPLAIN /MR & MC APPROACH OF EQUILIBRIUM OF A FIRM UNDER
IMPERFECT COMPETITION?
Q3p. WHAT IS BREAK EVEN ANALYSIS?

8M
7M

Q4a. EXPLAIN THE LINKED DEMAND CURVE IN OLIGOPOLY MARKET?

Q4b. WHAT IS PERFECT COMPETITION? EXPLAIN ITS FEATURES?
OR
Q4p. EXPLAIN LONG RUN EQUILIBRIUM OF A FIRM UNDER PERFECT COMPETITION?

8M
7M

Q4q. WHAT IS PRICE DISCRIMINATION? EXPLAIN ITS TYPES?

7M

Q5. WRITE SHORT NOTE ON

(ANY3)

1. VARIATION IN SUPPLY.
2. TYPES OF COST FUNCTION.
3. FEATURES OF MONOPOLY.

8M

15M

4. ASSUMPTIONS OF LAW OF SUPPLY.

5. BREAK EVEN POINT.