Saurastra University 2006 B.A Economics : - I (Special) - exam paper
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*SI-1207*
SI-1207 Seat No._First Year B. A. Examination March/April - 2006 Economics : Paper - I
Time : Hours] [Total Marks :
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SI-1207] 1 [Contd...
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Instructions : (1) All the questions carry equal marks.
(2) Give answer the clear and detail.
(3) Draw diagram where required.
1 Critically discuss the definition of economics as given by Robins.
1 Mention the types of price elasticity of demand. Discuss the factors affecting price elasticity of demand.
2 (a) What is price descrimination ? When and how it is possible
and profitable ?
(b) Explain the law of diminishing return.
2 (a) Discuss the nature and scope of economics.
(b) What is consumer surplus ? Explain with diagram ?
3 (a) Explain the factor effecting real wages.
(b) Explain characteristics of monopolistic competition.
3 (a) Difference clearly micro and macro economics.
(b) Discuss the marginal productivity theory of distribution.
4 (a) Discuss the modern rent theory.
(b) Describe the equilibrium of price determination under monopoly.
4 (a) Discuss the innovation theory of profit.
(b) Discuss the equilibrium of firm and industry in long run period under perfect competition.
5 Write short notes : (any two)
(1) Features of perfect competition
(2) Goods and Services
(3) Consumers equalibrium
(4) Net profit and Gross profit
(5) Economic activity and non-economic activity.
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