2.

Roll No ........................... .

475/2004
B. E. EXAMINATION
(Third Semester)

COMPUTER ENGINEERING

HUM-201-C

Principles and Applications of Economics

TIme: Three Hours

Maximum Marks: 100

Note: Attempt any Five questions. Q. No. 1 is compulsory.

Before answering the question-paper candidates
should ensure that they have been supplied to correct
and complete question-paper. Complaints in this
regard, if any, will not be entertained after the
examination.

1.Answer any ten questions ; 2 xl 0

(a) Characteristics of wealth concept of Economics (b)
Difference between micro and macro economics (c)
Characteristics of Utility

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7. Differentiate the Perfect Competition and MQI1<?])olis-,.

(d) Income elasticity of demand (e) tic competition market. Which of tbeSe'foiirts a~~< ,
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Forms of division of labour (f) Real ally prevail in real environment? ",20
Cost 8. Discuss in detail the nature and characteri~6s of "In-
(g) Meaning of Market (h) ,dian Economy in detail. ';,i:i' ';',2,0
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Law of Supply
9. Write short notes on any two of the folloWing: 2xlq , (a)
, (i) Define Oligopoly
Relation between Science, EngineerinS',j'echn"o-':' '
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U) What is Privatisation ? (k)
logy and economic development '"
Define production
(b) Division of Labour
(I) Define marginal productivity.
(c) Law of supply and its exceptions '(d)
3. Critically exaIEine the scarcity concept of economics Privatisation-merits and demerits.
in detail. ' 20

3. What is Law of Diminishing Marginal Utility ?

Discuss its practical applications. 20

4. Define elasticity of demand. Discuss the various meth-

ods of measuring it. 20

5. piscliss in detail the law of variable proportion with

its practical applications. 20

6.Write notes on the following : 2 xl 0

(u) Relationship between fixed cost, variable cost and ••
average cost in the short run.
(b) Opportunity cost, with suitable example.

475/20n4
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