Bharathidasan University 2006 B.Sc Economics Economic theory - Question Paper
Friday, 18 January 2013 05:25Web
Time : two hours
Maximum Marks : 50 (Weightage 70%)
Note : The paper contains 3 parts A, B and C. Instructions are provided in every part along with marks.
part A:
ans any 2 ques. from this part. (2x12=24)
1. What do you understand by Production Possibility Curve ? Illustrate it with the help of a suitable example. elaborate its assumptions ?
2. discuss the concept of Elasticity of Demand. elaborate its various kinds ? elaborate the main determinants of Price Elasticity of Demand ?
3. What is Full-Cost pricing ? Does it lead to a higher than optimum production ?
4. Critically examine the Marginat Productivity Theory of Distribution. Is it a satisfactory theory of distribution ?
part B:
ans any 2 ques. from this part. (2x8=16)
5. describe Production. Distinguish ranging from fixed and variable inputs.
6. What is meant by income inequality ? Distinguish ranging from personal and functional distribution of income.
7 . discuss the marginal and avg. revenues of a firm in both perfect and imperfect competition.
8. discuss the concept of consumer's surplus. elaborate its limitations ?
part C:
ans any 2 ques. from this part. (2x5=10)
9. Distinguish ranging from an inferior good and a Giffen good.
10. Is indifference curves analysis superior to utility analysis ?
11. Distinguish ranging from rent and quasi-rent.
12. Distinguish ranging from 'extension in supply' and 'increase in supply'.
Earning: Approval pending. |