M.A. (Semester (CBCS) Examination Mar/Apr-2018
Economics
MICRO ECONOMIC ANALYSIS I
Time: 2½ Hours
Max. Marks: 70
Instructions: All questions are compulsory. All questions carry equal marks.
Q.1
Select the correct option from the given options.
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is fall under the macro economic analysis.
Determination of price
Individual demand
Individual firm
National Income
According to Dr. Hicks, Utility is the concept.
Ordinal
Cardinal
Both a and b
None of the above
Under the Indifference curve analysis the consumer equilibrium is depend on
Shape of the curve
Tangency of the budget line and the curve
Equality between Indifference curve and budget line
All the above
Extension and contraction of demand can be shown on the
Same demand curve
Different demand curve
Not shown on the demand curve
All of the above
According to Modern theory of cost curve has the L shape.
Long run Average Cost
Long run Marginal Cost
Long run Variable Cost
Long run Fixed Cost
TRn TRn-1
Total Cost
Total fixed cost
Marginal Cost
Marginal Revenue
The demand curve for the output is negative in the
Oligopoly Market
Monopoly Market
Monopolistic Market
Perfect Market
Q.2
Write short notes. (Any four)
14
Social Economy
Diminishing marginal utility
Edge worth Bowley Box
Bandwagon and Veblen effect
Price effect
Q.3
Write short notes. (Any two)
14
Explain the superiority and critics of Indifference curve analysis.
Explain the various application of Indifference curve analysis.
Explain the revealed preference theory?
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SLR-HZ-1
Q.4
Answer the following question:
14
Discuss the Law of variable proportion and return to scale theory?
OR
Explain Modern theory of cost.
Q.5
Explain the short run and long run equilibrium of firm under monopoly market.
14