Amity University 2008 B.B.M %2C . - Question Paper

PART B — (5 x 14 = 70 marks)
ans any 5 ques..
10.What is consumer’s surplus? Enumerate the assumptions of this concept and bring out its practical use.
(Definition – four marks ; Assumptions – five marks ; uses – five marks)
11.Explain the Laws of Returns to scale.
12.Explain Optimum Theory of population. Bring out the differences of this theory with Malthusian Theory of population.
(Optimum theory – six marks ; comparison – eight marks)
13.Diagramatically show the structure of the different avg. cost curves of the firm for the short-run and discuss why the total avg. cost curve is U shaped.
(Average cost curves – 10 marks ; U-shape of AC – four marks)
14.Explain critically the Liquidity Preference Theory of Interest.
(Theory – four marks ; Explanation – 10 marks)
15.What do you understand by ‘discriminating monopoly’? In what ways can a monopolist practise discrimination?
(Definition – five marks ; ways of discrimination – 10 marks)
16.Critically examine the Marginal Productivity Theory of Wages.
(Theory –4 marks ; Explanation – 10 marks)
17.Define ‘Indifference curve’, and Marginal Rate of substitution. Also discuss Consumer’s Equilibrium.
(Indifference curve – two marks ; MRS – three marks ; explanation – nine marks)

Earning:   Approval pending.