Maharashi Dayanand University (MDU) 2010 B.Tech Electrical Engg. - Question Paper

B.Tech.3rd Semester(Electrical Engg.)
Branch-1 exam -December,2010
ENGG.ECONOMICS
Paper:HUM-201-F
Time:3hours] [Maximum Marks:100
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Note: Attempt 5 ques. in all. ques. No.1 is compulsory. Rest of the 4 ques. should be answered by selecting 1 ques. from every part. All ques. carry equal marks.

Q1. Short ans Question:
(a) What is Normative Economics?
(b) What is Utility Function?
(c) What is Price Demand?
(d) What is marginal Productivity Curve?
(e) provide the shape of marginal cost curve.
(f) discuss in short, about Price Discrimination.
(g) define the supply function in short.
(e) What is VAT?

Section-A
Q2. What do you mean by 'Nature of Economics' and 'Economic Laws' ? Also define the relationships ranging from economics, engineering and technology.Give examples for clarification about relations.

Q3. define the relationship ranging from Total Utility and the Marginal Utility. Also discuss about the meaning and the importance of legal regulations of diminishing marginal utility for an engineer in a fast moving consumer production firm. Clarify with the help of numerical example.

Section-B
Q4. What is the association ranging from demand and utility of an article of consumption? Show, by graph, the effect of change in income on the demand of an article a consumer wants to buy. Also delineate the proportion or total outlay method of measurement of elasticity of demand.

Q5. Why does the 'Law of increasing returns' apply specifically to industries? Also explain about the 'diminishing returns scale' and the 'economics of scale'.

Section-C

Q6. define the different concepts of costs which an engineer should know. Your description should be based on examples and graphical presentation.

Q7. What is the 'market' for an economist and an engineer? Why are the kinds of markets learned by a production engineer who has the charge of pricing the product? Also differentiate ranging from Perfect Competitive Market and Monopoly Market.

Section-D

Q8. Differentiate ranging from the 'change in the volume supplied' and the 'change in supply' with the help of example and graphical presentation.Also mention the 'degrees of elasticity of supply' and the 'point method' of finding out the elasticity of supply.

Q9. explain about the role of privatization and liberalization in the global design of Indian economy. What is the strategy of Providing Urban Amenities in Rural Areas (PURA) to achieve the status of a developed nation?

Earning:   Approval pending.