Punjab Technical University 2011-1st Sem B.Tech BBA,, Micro Economics , , - 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) describe implicit cost.

b) describe monopolistic competition.

c) discuss the term market demand curve.

d) discuss the relation ranging from total utility and marginal utility.

e) What is indifference curve?

f) Write 5 main points of importance of elasticity of demand.

g) Write short note on production function.

h) Why short run cost curve is U shaped?

i)Under what conditions can a monopoly firm attain equilibrium.

j) discuss oligopoly.

part – B [Marks 4×10=40]

Q2) explain the properties of indifference curve.

Q3) discuss the condition of perfect competition. How is the priced determined under the conditions of perfect competition.

Q4) discuss the legal regulations of equi marginal utility.

Q5) What is demand curve? Why does the demand curve slope down to the right? Are there any exceptions to it?

Q.6) explain the uses of microeconomics.

Q7)What is the elasticity of demand? How it is measured correctly?

Earning:   Approval pending.