B.B.M. (Sem. EXAMINATION, 2018
MICRO ECONOMIC ANALYSIS
(2013 PATTERN)
Time Three Hours Maximum Marks 80
N.B. All questions are compulsory.
(ii Figures to the right indicate full marks.
(iii Draw neat and well labelled diagrams wherever necessary.
1. Discuss the difference between microeconomics and macroeconomics
with suitable examples.
Or
What is price elasticity of demand Explain its types and importance
of each type in the field of foreign trade.
2. What is fixed cost and variable cost Explain the relation between
cost curves in the short run.
Or
State and explain the basic economic problems.
3. Explain the equilibrium of firm and industry under perfect
competition.
Or
Critically examine the marginal productivity theory of distribution.
[5364]-103 2
4. What is the difference between supply and stock Explain the
determinants of supply.
Or
With the help of suitable example, explain the concept of cost benefit
analysis.
5. Write short notes on (any four)
Exceptions to the law of demand
Explicit and implicit costs
Innovation theory of profit
Diseconomies of scale
Collective bargaining
Shift of demand versus movement along demand curve.