Exam Details
| Subject | micro economics | |
| Paper | ||
| Exam / Course | mba | |
| Department | ||
| Organization | Gujarat Technological University | |
| Position | ||
| Exam Date | May, 2018 | |
| City, State | gujarat, ahmedabad |
Question Paper
Seat No.: Enrolment
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA (Integrated) SEMESTER IV- EXAMINATION SUMMER 2018
Subject Code: 4140503 Date: 21/05/2018
Subject Name: Micro Economics
Time: 10:30 AM To 01:30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1 What are the basic problems of an economy and explain how market 07 mechanism solves these problems. Explain the circular flow of income and expenditure in a three sector 07 closed economy
Q.2 Explain the scope of business economics 07 . Differentiate between Micro Economics and Macro Economics 07 OR Explain the relationship between total revenue, average revenue, 07 marginal revenue and price elasticity of demand with the help of diagram in an imperfect market
Q.3 Describe the law of supply and explain the factors affecting supply 07 Explain with the help suitable table and diagram TFC, TVC TC 07 OR Long run average cost curve is also known as 'Planning Curve'. 07 Elaborate the statement with suitable diagram. Explain internal and external economies of scale, any three each 07
Q.4 Explain the characteristics features of a perfect Competitive market 07 Explain with examples any five the factors affecting price elasticity 07 of demand OR Explain the long-run price-out determination of a firm and industry 07 under perfect Competition Write a short note on income elasticity and cross elasticity of demand. 07
Q.5 Explain briefly how the liberalization and globalization policies 07 affected the pricing scenario of automobile industry in India Explain the relationship between Average Cost and Marginal Cost with the help of table and diagram 07 OR What is diseconomies of scale? Explain briefly any five internal 07 diseconomies of scale Explain briefly the following 07 Accounting cost and economic cost Point elasticity and arc elasticity
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA (Integrated) SEMESTER IV- EXAMINATION SUMMER 2018
Subject Code: 4140503 Date: 21/05/2018
Subject Name: Micro Economics
Time: 10:30 AM To 01:30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1 What are the basic problems of an economy and explain how market 07 mechanism solves these problems. Explain the circular flow of income and expenditure in a three sector 07 closed economy
Q.2 Explain the scope of business economics 07 . Differentiate between Micro Economics and Macro Economics 07 OR Explain the relationship between total revenue, average revenue, 07 marginal revenue and price elasticity of demand with the help of diagram in an imperfect market
Q.3 Describe the law of supply and explain the factors affecting supply 07 Explain with the help suitable table and diagram TFC, TVC TC 07 OR Long run average cost curve is also known as 'Planning Curve'. 07 Elaborate the statement with suitable diagram. Explain internal and external economies of scale, any three each 07
Q.4 Explain the characteristics features of a perfect Competitive market 07 Explain with examples any five the factors affecting price elasticity 07 of demand OR Explain the long-run price-out determination of a firm and industry 07 under perfect Competition Write a short note on income elasticity and cross elasticity of demand. 07
Q.5 Explain briefly how the liberalization and globalization policies 07 affected the pricing scenario of automobile industry in India Explain the relationship between Average Cost and Marginal Cost with the help of table and diagram 07 OR What is diseconomies of scale? Explain briefly any five internal 07 diseconomies of scale Explain briefly the following 07 Accounting cost and economic cost Point elasticity and arc elasticity
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