B.A. Economics (Subsidiary), Part-I
Paper-I (Micro Economics)
Time: 3.00 Hrs. Full Marks: 80
Answer any Five questions. All questions carry equal marks.
1. Critically evaluate definition of economics given by Marshall.
2. Discuss the nature of laws of economics.
3. Evaluate critically Marshallian utility analysis of consumer's equilibrium.
4. Discuss the theory of returns to scale.
5. Throw light on the U-shape of average cost curve.
6. Explain price determination under monopoly.
7. What do you mean by oligopoly? Discuss price determination under oligopoly.
8. Critically discuss Keynsian theory of interest.
9. Discuss innovation theory of profit.
10. Explain idea of utilitarianism given by Bentham.