Saurastra University 2006 B.A Economics -1 - Question Paper
SM-1240
First Year BA exam
March/April-2006
Economics -1
*SM-1240*
SM-1240 Seat No._
First Year B. A. Examination March / April - 2006 Economics : Paper -1 Optional : Paper - II
Time : 3 Hours] [Total Marks :
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Instructions : (1) AH questions carry equal marks.
(2) Make diagrams where required.
1 Discuss the nature and scope of Economics.
OR
Critically discuss the definition of Economics as given by Robbins.
2 Mention the equilibrium of a firm in the short run in perfect competition with the help of diagram.
OR
Mention the types of price elasticity of demand. Discuss the factors affecting price elasticity of demand.
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3 |
(a) |
Give meaning of utility and explain its characteristics |
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(b) |
Explain the concept of consumer's surplus. OR | |
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(a) |
Explain with curve the law of diminishing return. | |
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(b) |
Explain the equilibrium of monopoly firm. | |
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4 |
(a) |
Explain the Modern Theory of Rent. |
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(b) |
Explain the equilibrium of Monopoly firm. OR | |
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(a) |
Explain characteristics of Monopolistic competition. | |
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(b) |
Differentiate clearly Micro and Mecro economics. | |
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5 |
Write Short Note (Any two) | |
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(1) |
Firm and Industry | |
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(2) |
Marginal and average cost | |
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(3) |
Economic activity and Non-economic activity | |
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(4) |
Importance of laws of Economics | |
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(5) |
Quasi Rent | |
SM-1240] 2 [ 1700/40-50 ]
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Attachment: |
| Earning: Approval pending. |
