M.A. (Semester II) (CBCS) Examination Nov/Dec-2018
Economics
MICRO ECONOMIC ANALYSIS II
Time: 2½ Hours Max. Marks: 70
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Select the correct answer 14
Lower segment of kinked demand cure has less elastic demand because

Rival firms follows the change which is made in price
Rival firms does not follow the change which is made in price
Dual behavior of the oligopolistic firms
None of the above
will give the give monopoly power to the oligopolistic firm to
charge higher price for their output.
Selling Cost
Advertising Cost
Product differentiation
Marginal Revenue and Marginal Cost
The Marginal Productivity of labour Price
Productivity of labour
Marginal productivity of labor
Value of Marginal Productivity of labour
None of the above
According to W.J. Baumols, Sales revenue maximization is attained when
Marginal Revenue Marginal Cost
Marginal Revenue 0
Total Revenue Total Cost
Total Revenue 0
What exhaust in Euler's product exhausting theorem.
Profit Cost
Output Wages
The Revenue Production cost Staff expenditure is called as

Normal Profit Actual Profit
Reported Profit Discretionary Profit
The cardinal criteria of welfare is based on the principle of
Law of variable proportion
Diminishing Marginal Utility
Equi proportional Marginal Utility
Ordinal Utility
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SLR-HS-6
Q.2 Write short Notes (any 14
Heterogeneous Oligopoly
Monopsony
Barometric Oligopoly
Benham's Criteria of Welfare
Walras Unstable Unique Equilibrium
Q.3 Write short answer (any two) 14
Explain the Bertrand's Duopoly model
Explain the Average Cost Pricing Rule
Discuss the Product Exhaustion Theorem
Q.4 Answer any one question 14
Discuss in detail the Bain's Theory of Price Limiting?
Explain the bilateral monopoly mode.
Q.5 Explain the Marries model of Managerial Enterprise. 14