Bangalore University 2008 B.A Economics -I-Micro - Question Paper

I Semester B.A/B.Sc. Examination, November/December 2008
(Semester Schemne)
ECONOMICS-I
Micro Economics

Time: three Hours Max. Marks: 90

Instructions:- a) Answers must be completely either in Kannada or in English.
b) Answers of Part A should be continuous.
c) Answers should be precise.

1. ans any 10 of the subsequent in 2-3 phrases every. every ques. carries two marks:- (10 x two =20)

a) What is Micro-economics?

b) provide the meaning of production possibility curve.

c) What is Cardinal utility?

d) provide the meaning of Giffen’s paradox.

e) Distinguish ranging from increase and reduce in demand.

f) What is elasticity of demand?

g) Distinguish ranging from supply and stock.

h) What is production function?

i) Distinguish ranging from explicit and implicit cost.

j) What is product differentiation?

k) provide the meaning of duopoly.

l) What is economic rent?

Part-b
(Analytical)

ans any five of the subsequent in 15-20 phrases every. every ques. carries five marks:- (5x5=25)

2. discuss the importance of micro economics.

3. Write the limitations of Marshallian utility analysis.

4. What factors determines elasticity of demand?

5. discuss the legal regulations of diminishing returns.

6. Distinguish ranging from short run and long run avg. cost curves.

7. discuss the features of perfect competitive market.

8. discuss the features of oligopoly market.

PART-C
(Essay Type)

ans any 3 of the subsequent not exceeding 4 pages. every ques. carries 15 marks. (3x15=45)

9. Critically examine the theory of consumer surplus.

10. What is an indifference curve? discuss its properties.

11. What is legal regulations of demand? discuss its exceptions.

12. elaborate Iso-product curves? Examine producer equilibrium with the help of Iso-quants.

13. Determine equilibrium price and output under monopoly market.

Earning:   Approval pending.