Punjab Technical University 2010-1st Sem B.B.A ,, Microeconomics , , - Question Paper

Time : 03 Hours
Maximum Marks : 60

Instruction.to Candidates:
1) part - A is Compulsory.
2) Attempt any 4 ques. from part - B.

part – A [Marks : 10×2=20]

Q1)a) discuss the term Microeconomics.

b) State the legal regulations of Equi-Marginal Utility.

c) describe an Indifference Curve.

d) describe Cross Elasticity of Demand.

e) What is Production Function?

f) State the legal regulations of Variable Proportions.

g) provide main features of Perfect Competition.

h) What is meant by Price Discrimination?

i) elaborate variable and fixed costs?

j) describe Monopolistic Competition.

part – B [4x10=40]

Q2) discuss the scope of Microeconomics?

Q3) describe the legal regulations of demand. Briefly discuss the determinants of demand.

Q4) discuss the legal regulations of Diminishing Marginal Utility. explain its importance.

Q5) discuss the legal regulations of Variable Proportions. explain its 3 stages of production.

Q6) elaborate the important characteristics of Perfect Competition? discuss the equilibrium of the firm in short period in Perfect Competition?

Q7) elaborate selling costs? How do they influence the equilibrium of a firm operating under the conditions of monopolistic competition?

Earning:   Approval pending.