University of Lucknow 2005 B.A Economics , First - Question Paper

B.A ( Part I) exam 2005

Economics
1st Paper

Time Allowed : 3 Hours
Maximum Marks:50

Note: Total Number of ques. to be answered is Five. ques. no. one is compulsory.Attempt 1 ques. fom every unit.Each ques. of the unit carries 7.5 marks.


1.Explain the subsequent in brief: 20
(i) Gossen's 1st legal regulations
(ii) Partial and general equilibrium
(iii) Giffen goods
(iv) Cross elasticity of demand
(v) legal regulations of variable proportions
(vi) Equilibrium conditions of a firm
(vii) Marginal productivity theory of distribution
(viii) Difference ranging from Profit and Rent
(ix) Iso-product curves
(x) Substitution effect of a price change



UNIT I
2.Discuss the equilibrium of a consumer with the help of indiffrence curve technique.
3.What is consumer's surplus?Differentiate ranging from the approach of Marshall and Hicks.

UNIT II
4.Discuss tech. limits of production in short and long-run.
5.Analyze the shape of different cost curves in the short-run.

UNIT III
6.What is price-discrimination?Explain price-discrimination with suitable diagram.
7.Differentiate ranging from monoply and perfect competition.Explain that monopoly price is always higher thatn competitive price.

UNIT IV
8.Discuss the Keynesian theory of interest.
9.Critically examine the Richardian theory of rent.

Earning:   Approval pending.