Sikkim-Manipal University of Health Medical and Technological Sciences (SMUHMTS) 2009 B.Com IS, BM0006 – ECO system and Microeconomics - Assignments for fall session - Question Paper

Bachelor of Commerce – BcomIS, Semester 2
BM0006 – ECO system and Microeconomics - four Credits
(Book ID: B0272AA)
Assignment Set- one (60 Marks)


Note: every ques. carries 10 Marks. ans all the ques..

Q.1 provide the Meaning and Features of Capitalism. [10 Marks]

Q.2 Bring out the difference ranging from Micro and Macro Economics. [10 Marks]

Q.3 discuss the legal regulations of Diminishing marginal utility. [10 Marks]

Q.4 a. discuss the methods for the measurement of price elasticity of demand.
[6 Marks]

b. Apples selling at a price of 20Rs every and a consumer demands 12 apples at this price, if the price falls to 17Rs every and the consumer now demands 15 apples, what would be the elasticity of demand for apples using proportional method. [4 Marks]

Q.5 a. discuss elasticity of supply and the methods of measurement of elasticity of supply. [6 Marks]
b. compute the elasticity of supply:
If the price of a washing machine rises from Rs. 10000 to 12000 per unit and in response to this price rise, volume supplied increases from 20000 units to 25000 units. What is the elasticity of supply. [4 Marks]
Q.6 provide the diagrammatic representation of the following:
a. Conditions of perfect competition
b. Selling cost curve
c. Equilibrium rate of interest [3Marks]
d. Write short notes on Short – run avg. Cost Curve [7Marks]


Bachelor of Commerce – BcomIS, Semester 2
BM0006 – ECO system and Microeconomics - four Credits
(Book ID: B0272AA)
Assignment Set- two (60 Marks)


Note: every ques. carries 10 Marks. ans all the ques..

Q.1 provide the meaning and Features of Socialism. [10 Marks]

Q.2 a. discuss the importance of price elasticity of demand. [6 Marks]
b. A consumer’s weekly income rises from Rs 500 to Rs 550, his demand of the good ‘x’ increases from 30 units per week to 35 units, what is the income elasticity of demand for ‘x’.
[4 Marks] Q.3 a. Write brief notes on cost concepts. [5 Marks]
b. provide the diagrammatic representation of the following:
1. avg. fixed cost curve
2. Relationship ranging from avg. cost and marginal cost [2 Marks]
c. compute avg. revenue.
Total revenue = Rs. 5000
Total output = 30 units of ‘x’
Average revenue = ? [3 Marks]
Q.4 Write short notes on pricing in a perfectly competitive market. [10 Marks]
Q.5 a. Write short notes on the modern theory of wages. [5 Marks]
b. Write short notes on Kinky Demand curve theory of Oligopoly. [5 Marks]
Q.6 Write short notes on Ricardian Theory of rent [10 Marks]

Earning:   Approval pending.