M.A. (Economics) (Semester (CBCS) Examination, 2017
MICRO ECONOMIC ANALYSIS I Ii
Day Date: Tuesday, 18-04-2017 Max. Marks: 70
Time: 10.30 AM to 01.00 PM
N.B. All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Choose the correct option: 14
are the study area of the micro economics.
Price of single goods National Income
Total employment Gross National Product
Price Consumption curve is related with
Income effect Price Effect
Substitution effect All of the above
curve has shape of
Long run marginal Revenue Lon run Average Revenue
Long run Average Cost Long run Marginal Cost
The law of variable proportion assumes is variable.
One factors of production All factors of production
Labour and capital Marginal cost
Capital intensive technological progress brings the changes in
the productivity of
Capital Labour
Land None of the above
Cross elasticity is zero for the market.
Monopoly Perfect Monopolistic Oligopoly
are the features of monopolistic completion.
No entry for the new firms Product differentiation
Homogenous goods Single buyer
Q.2 Write short notes (any four): 14
Extension of demand
Giffen paradox
Zero elasticity of demand
Long run average cost
Capitalistic economy
Q.3 Write short notes (any 14
What is mean by indifference curve? Explain consumer
equilibrium with the help of suitable diagram.
Write a note on recent development in demand theory.
Write are the features of monopoly market?
Q.4 Answer the following question: 14
What is technological progress? What are the types of
technological progress? Explain the least cost combination of
multi product firm.
Discuss the traditional theory of cost.
Q.5 Explain the short run and long run equilibrium of the firm under
Monopolistic competition?