M.A.(Economics)(Semester (CBCS) Examination, 2017
MICRO ECONOMIC ANALYSIS II
Day Date: Wednesday, 19-04-2017 Max. Marks: 70
Time:10:30 AM to 01.00 PM
N.B. All questions are compulsory.
Right side digit indicates marks.
Q.1 Select the correct answer. 14
Lower segment of kinked demand cure
Elastic demand Unitary elastic demand
Zero elastic demand Infinity elastic demand
According to the interdependency will give monopoly
profit to the oligopolistic firm.
Edgeworth Chamberlin
August Cournot Bertrand
The value added by the last labour to the total production is known
as
Productivity of labour Marginal productivity of labor
Marginal production None of the above
According to Marris, growth in capital is reflect the interest of

Owner of the firm Consumer
Manager All of the above
is the example of ceteris paribus principle.
Market Theory General Equilibrium Theory
Interdependence of the Economy Law of Demand
The Revenue production cost Staff expenditure is
called as
Normal profit Actual profit
Reported profit Discretionary Profit
'The great number of goods for great number of people is the
criteria of welfare is given
Benham Bergson Hamilton Adam Smith
Q.2 Short Notes (Any Four) 14
Features of oligopoly Market
Average pricing
Marginal physical productivity of labour
Page 2 of 2
Compensation Criteria of Welfare
Point Bliss
Q.3 Short Answer Type Questions (Any Two) 14
Explain the profit sharing model of Cartel.
What are the assumptions of Cournot's Duoploy Market?
Explain the Adam smith criteria of Welfare.
Q.4 Answer any one question. 14
Why price is rigid in oligopoly market?
Explain the Euler Theorem.
Q.5 Explain the Pareto Optimality Criteria. 14