Madurai Kamraj University (MKU) 2007 B.A Economics Micro - exam paper
6116/Ell OCTOBER 2007
MICRO ECONOMICS
(For those who joined in July 2003 and after)
Time : Three hours Maximum : 100 marks
SECTION A (4 x 10 = 40 marks)
Answer any FOUR questions.
1. Qrr@mij OTemjr>65T i.ps.
State and explain Deductive method.
2. (gsnnjjBjsQffa) Jglfpirglflna) uujOTruml afillsniu ijnuus. Examine Law of Diminishing Marginal utility.
3. Genaj QpilLpffilsnuj SiTLDn-6?ifl0Lb mj6nnfl<6TT turranaj?
What are the factors determining elasticity of demand?
4. CT65BT65iTSTTGl) UUJ6STLJfTL_@ (jpff)|T)0f)lLI llJLD *$|6TT&| UUJ65rUITL_@ (ipaf>iDli-|l-ST UlS1.
Compare Cardinal utility approach to ordinal utility approach.
5. e_a&LpuL| 1(D65T crajGurrp iTLDrTe5ilffiuuil(Di?
How Labour efficiency is determined?
6. <?LDGr5rr<5@ S-pues$ &J6GTr(p<nrilii)-6i5T u0R!TL|ffi0S)GiT a.pffi.
State the features of ISO-quant curve.
7. @p<)ujffirTSD ffijrrffifl QffsuajaGatT ron U euuj-ajLDitffi n'smjuQilaigi?
Why does short run average cost curve is U shaped?
8. aS)oso Gu<5ld (nlQaSlajrrrcb xtuld c9)Di_uj(];pu).qu)rT? Can price discrimination reach profitable position?
SECTION B t (3 x 20 = 60 marks) .
Answer any THREE questions.
9. 150S6BT aii.661 GmlunLi|.0i)6ffr Qffiu.
Examine Modern theory of wage.
10. SSI6flSt6ST IT5)LD 6)Sl0UU GnL.LJITLJi)_0n6OT aSl<ajn$($6l|Lb. Discuss about Keynes Liquidity preference theory.
11. (Lpfbpifls&iD Guirilii). eib6s>8,uS\G0 SI anew craJGurrp ITLDn-0!ilLJ u Ipg) ?
How price determined under Monopolisti competition?
12. U0LD 6la)srre4 offllaouj
Explain Laws of Returns to scale.
13. oSl<)aouj ajei)ijui_jL_65T oSIot. Explain Law of demand with diagram.
14. <Il_u00dld @eoas5r0o firDomTiuGH Qffiu Critically examine scarcity definition.
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