M.A. (Semester II) (CBCS) Examination Mar/Apr-2018
Economics
MICRO ECONOMIC ANALYSIS II
Time 2½ Hours
Max. Marks: 70
Instructions: All questions are compulsory. Right side digit indicates marks
Q.1
Select the correct answer.
14
OPEC is the example of
Non- Collusive oligopoly
Cartel
Monopoly
Oligopoly
is the condition for consumer equilibrium in Monopsony Market.
Marginal Expenditure =Marginal Utility
Marginal Price=Marginal Cost
Marginal Revenue=Marginal Cost
Marginal Revenue=Marginal Utility
According to Marris is the objective of the managers of the firm.
Gd Gm
Gc Gn
Gc Gd
Gc Gb
The actual profit minus managerial emoluments is known as
Actual Profit
Discretionary Profit
Reported Profit
Minimum Profit
Marginal Rate of Product Transformation (MRPT) is related
Allocation of goods among the consumer
Allocation of factors for production of goods
Allocation of factors among the firm
None of these
'The great number of goods for great number of people' is the criteria of welfare is given by
Benham
Bergson
Hamilton
Adam Smith
is given the compensation criteria of welfare.
Adam Smith
Bergson
Hicks and Kaldor
Allan Hicks
Q.2
Write short notes. (Any four)
14
Low cost firm price leadership
Stackelberg's Solution
Monopsony Market
Partial Equilibrium
Cardinal Criteria of Welfare
Q.3
Write short answers. (Any two)
14
Explain the Chamberlin Model of Oligopoly Market.
Explain the marginal productivity theory of labour.
Explain the general theory of Walras.
Page 2 of 2
SLR-HZ-6
Q.4
Answer any one question.
14
Discuss the Explain the Baumol's Sales Maximization Theory.
Explain the Pareto Optimality Theory of Welfare.
Q.5
Explain Price Limiting Theory.
14