Exam Details
| Subject | micro economics | |
| Paper | ||
| Exam / Course | mba | |
| Department | ||
| Organization | Gujarat Technological University | |
| Position | ||
| Exam Date | December, 2018 | |
| City, State | gujarat, ahmedabad |
Question Paper
1
Seat No.: Enrolment
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA SEMESTER • EXAMINATION WINTER 2018
Subject Code: 4140503 Date:06/12/2018
Subject Name: MICRO ECONOMICS
Time: 02:30 PM To 05:30 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
Differentiate between micro and macro economics.
07
Discuss basic problems of economy.
07
Q.2
Discuss circular flow of economy.
07
Discuss price elasticity of demand and its type.
07
OR
Discuss law of supply and factors affecting it.
07
Q.3
Differentiate between accounting cost and economic cost.
07
Discuss; total revenue, marginal revenue and average revenue.
07
OR
Q.3
Discuss; fixed cost, variable cost, total cost, average cost and marginal cost with suitable example.
07
Discuss long run average total cost curve with a suitable example.
07
Q.4
Discuss economies of scale.
07
Discuss a firm at equilibrium under perfect competition.
07
OR
Q.4
Discuss a firm at loss under perfect competition.
07
Discuss diseconomies of scale.
07
Q.5
Discuss pricing scenario in India since liberalization in 1991 with special reference to four wheeler- passenger car industry.
07
Discuss pricing scenario in Japan in comparison to India with a suitable example.
07
OR
Q.5
Discuss pricing scenario in India since liberalization in 1991 with special reference to mobile service industry.
07
Discuss pricing scenario in Sri Lanka in comparison to India with a suitable example.
07
Seat No.: Enrolment
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA SEMESTER • EXAMINATION WINTER 2018
Subject Code: 4140503 Date:06/12/2018
Subject Name: MICRO ECONOMICS
Time: 02:30 PM To 05:30 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
Differentiate between micro and macro economics.
07
Discuss basic problems of economy.
07
Q.2
Discuss circular flow of economy.
07
Discuss price elasticity of demand and its type.
07
OR
Discuss law of supply and factors affecting it.
07
Q.3
Differentiate between accounting cost and economic cost.
07
Discuss; total revenue, marginal revenue and average revenue.
07
OR
Q.3
Discuss; fixed cost, variable cost, total cost, average cost and marginal cost with suitable example.
07
Discuss long run average total cost curve with a suitable example.
07
Q.4
Discuss economies of scale.
07
Discuss a firm at equilibrium under perfect competition.
07
OR
Q.4
Discuss a firm at loss under perfect competition.
07
Discuss diseconomies of scale.
07
Q.5
Discuss pricing scenario in India since liberalization in 1991 with special reference to four wheeler- passenger car industry.
07
Discuss pricing scenario in Japan in comparison to India with a suitable example.
07
OR
Q.5
Discuss pricing scenario in India since liberalization in 1991 with special reference to mobile service industry.
07
Discuss pricing scenario in Sri Lanka in comparison to India with a suitable example.
07
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