Exam Details
| Subject | micro economic analysis | |
| Paper | ||
| Exam / Course | m.a. | |
| Department | ||
| Organization | solapur university | |
| Position | ||
| Exam Date | 18, April, 2017 | |
| City, State | maharashtra, solapur |
Question Paper
M.A. (Semester (CBCS) Examination, 2017
ECONOMICS (GR.C.PAPER
Micro Economic Analysis
Day Date: Tuesday, 18-04-2017 Max. Marks: 70
Time: 02.30 PM to 05.00 PM
N.B. All questions are compulsory.
Figures to the right indicate full marks.
Draw neat diagram wherever necessary.
Q.1 Select the appropriate word 14
Economic problem is a problem of
scarcity choice essential perfect competition
The reasoning process from the general to the particular is known
as
deduction induction development model
According to Economics is normative science.
Adam Smith Robbins Samuelson Hawtrey
If the income of the consumer increases his budget line will shift
upward to the right downward to the left
rapidly down in the same place
Consumer is in equilibrium when indifference curve and price line
other.
intersect parallel tangent none of these
Indifference curve analysis is based on
cardinal ordinal
production value of money
In isoquants measured on X and Y axis.
commodities factors
money income real income
According to modern theory of cost the average cost curve is
___shaped.
U N C L
According to Mrs. Joan Robinson the elasticity of demand for the
goods in perfect competition is
less elastic more elastic inelastic perfectly
elastic
Page 1 of 4
SLR-P 9
10) Price discrimination is a feature of
perfect competition monopolistic competition
monopoly oligopoly
11) Kinked demand curve is explained by
Hicks b)Samuelson Bertrand Paul Sweezy
12) The cross elasticity of demand under monopoly is
0 1 less than 0 more than 1
13) The concept of group equilibrium is propounded by
Hicks Chamberlin Robinson Wicksell
14) Joseph Bertrand assumes of production in his
model.
Zero b)infinite stable rising
Q.2 Write short notes: [Any seven] 14
What is scarcity of resources?
Define inductive method.
What is economic model?
Define price effect.
What is an internal economy?
What is short run?
Define marginal rate of substitution.
Define oligopoly.
What is monopsony?
10) What is selling cost?
Q.3 Write short notes (Any 14
Merits and demerits of deductive method.
Features of isoquants
Income effect
Characteristics of monopoly
Q.4 State traditional and modern theories of cost. 14
OR
Explain price and output determination under perfect competition.
Q.5 State and explain the revealed preference theory. 14
ECONOMICS (GR.C.PAPER
Micro Economic Analysis
Day Date: Tuesday, 18-04-2017 Max. Marks: 70
Time: 02.30 PM to 05.00 PM
N.B. All questions are compulsory.
Figures to the right indicate full marks.
Draw neat diagram wherever necessary.
Q.1 Select the appropriate word 14
Economic problem is a problem of
scarcity choice essential perfect competition
The reasoning process from the general to the particular is known
as
deduction induction development model
According to Economics is normative science.
Adam Smith Robbins Samuelson Hawtrey
If the income of the consumer increases his budget line will shift
upward to the right downward to the left
rapidly down in the same place
Consumer is in equilibrium when indifference curve and price line
other.
intersect parallel tangent none of these
Indifference curve analysis is based on
cardinal ordinal
production value of money
In isoquants measured on X and Y axis.
commodities factors
money income real income
According to modern theory of cost the average cost curve is
___shaped.
U N C L
According to Mrs. Joan Robinson the elasticity of demand for the
goods in perfect competition is
less elastic more elastic inelastic perfectly
elastic
Page 1 of 4
SLR-P 9
10) Price discrimination is a feature of
perfect competition monopolistic competition
monopoly oligopoly
11) Kinked demand curve is explained by
Hicks b)Samuelson Bertrand Paul Sweezy
12) The cross elasticity of demand under monopoly is
0 1 less than 0 more than 1
13) The concept of group equilibrium is propounded by
Hicks Chamberlin Robinson Wicksell
14) Joseph Bertrand assumes of production in his
model.
Zero b)infinite stable rising
Q.2 Write short notes: [Any seven] 14
What is scarcity of resources?
Define inductive method.
What is economic model?
Define price effect.
What is an internal economy?
What is short run?
Define marginal rate of substitution.
Define oligopoly.
What is monopsony?
10) What is selling cost?
Q.3 Write short notes (Any 14
Merits and demerits of deductive method.
Features of isoquants
Income effect
Characteristics of monopoly
Q.4 State traditional and modern theories of cost. 14
OR
Explain price and output determination under perfect competition.
Q.5 State and explain the revealed preference theory. 14
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