Tamil Nadu Open University (TNOU) 2009 B.A Economics MICRO - Question Paper
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UG-646 BEC-11/BBE-11 B.A. DEGREE EXAMINATION - JUNE, 2009.First Year Economics/Business Economics (AY 2005-06 batch onwards)
MICRO ECONOMICS Time : 3 hours Maximum marks : 75
PART A (3 x 5 = 15 marks)
Answer any THREE questions.
1. Distinguish between Micro Economics and Macro Economics.
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2. Distinguish between marginal cost and average cost.
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3. What are the Factors of Production?
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4. Define Monopoly.
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5. State the law of supply.
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PART B (4 x 15 = 60 marks)
Answer any FOUR questions.
6. Explain the law of diminishing marginal utility.
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7. Explain Elasticity of Demand. What are the factors that determine elasticity of demand?
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8. Explain Malthusian theory of population.
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9. What are the characteristics of perfect competition? |pu GumLi Lun0i?
10. Explain the nature of short run and long run cost curves.
11. Explain the Ricardian theory of rent. iflUffinirGLm in'ijU G<sn'Lun'LL iot<s0<s.
12. Explain the theories of profit.
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3 UG646
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