M.A. (Semester II) (CBCS) Examination Oct/Nov-2017
Economics
MICRO ECONOMIC ANALYSIS II
Day Date: Friday, 17-11-2017 Max. Marks: 70
Time: 10.30 AM to 01.00 PM
Instructions: All questions are compulsory.
Right side digit indicates marks
Q.1 Select the correct answer. 14
Upper segment of kinked demand cure shows the
Elastic demand Inelastic demand
Income elasticity of demand Price elasticity of demand
The consumer and seller will enjoy monopoly power in Market.
Monopoly Market Bilateral monopoly
Monopolistic market Monopsony Market
According to Marris the growth in demand is reflects of the interest of

Consumer Manager of the firm
Owners of the firm All the above
The marginal production is
TPn TPn-1 TCn TCn-1
TRn TRn-1 None of the above
Point bliss shows the equilibrium between
Grant Utility Frontier and Social Welfare Cure.
Grant Utility Frontier and Social Indifference Cure.
Grant Utility Frontier and Production Possibility Cure.
Grant Utility Frontier and Marginal Rate of Substitution.
is approach which considers the cardinal utility for assessing
status of welfare.
Ordinal welfare
Cardinal welfare
Availability of goods and services
None of the above
Marginal productivity of labour value of product
Marginal Production.
Marginal Cost.
Marginal Physical Productivity of Labour.
Value of marginal productivity of labour.
Q.2 Write short notes (any four): 14
Features of oligopoly market.
Barometric price Leadership.
Marginal Rate of Technical substitution.
Partial Equilibrium
Adam Smith's Criteria of Welfare.
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SLR-HE-6
Q.3 Write short answers (any 14
Explain the Stackelberg's Duopoly Model.
Explain the Dominant Firm Price Leadership.
Explain product exhaustion theorem.
Q.4 Answer any one question. 14
Discuss the Augustin Cournot's Duopoly Model.
Explain the price limiting theory.
Q.5 Explain the Williamson model of managerial discretion. 14