Veer Narmad South Gujarat University 2011-1st Year B.A SB-0020 Economics ( 1 ) - Question Paper
SB-0020
First Year B. A. Examination March / April - 2011 Economics : Paper - I
(Micro Economics) (New Course)
Time : 3 Hours]
[Total Marks : 70
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Name of the Examination :
F. Y. B. A.
Name of the Subject:
Economics : Paper - I (New)
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Instructions : (1) As per the instruction no. 1 of page no. 1.
(2) All questions carry equal marks.
(3) Figures to the right indicate full marks of the questions.
1 Answer the following questions briefly : 14
(1) Give the scarcity definition of economics.
(2) Mention the characteristics of indifference curve.
(3) Write the meaning of Average cost and Marginal cost.
(4) State the types of price discrimination.
(5) State the characteristics of oligopoly market.
(6) State the limitations of the marginal productivity theory of distribution.
(7) What is innovation?
2 Discuss critically prof. Marshall's definition of economics. 14
OR
2 (a) Explain law of demand with the help of diagram. 7 (b) Discuss the law of diminishing marginal rate of 7
substitution
3 Discuss the characteristics of a perfectly competitive market. 14 Explain the short term equilibrium of a firm under perfect competition.
OR
3 (a) Discuss the characteristics of Monopolistic competition. 7 (b) Explain the internal economics. 7
4 (a) Explain the factors affecting to real wage. 7 (b) Discuss the reasons for wage differences in the same 7
occupation.
4 "Profit is a reward not for bearing uncertainties but for 14 bearing risk." - Discuss
5 Write short notes : (any two) 14
(1) Law of supply
(2) Limitations of indifference curve analysis
(3) Factors affecting on price elasticity of demand
(4) Production function
(5) Quasi rent.
SB-0020] 4 [ 5600 ]
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| Earning: Approval pending. |
