Ganpat University 2010 B.Com BACHELOR'S PROGRAMME rTerm-End e, Ur) O ELECTIVE : COMMERCE ECO-6 : ECONOMIC THEORY - Question Paper

No. of Printed Pages : eight ECO-6
BACHELOR'S DEGREE PROGRAMME
r. Term-End exam
June, 2010
Ur) O ELECTIVE COURSE : COMMERCE
ECO-6 : ECONOMIC THEORY
Time : two hours Maximum Marks : 50
(Weightage 70%)
Note : The paper contains 3 sections, A, B, and C.
Instructions are provided in every part along with marks.
part - A
(Long ans Questions)
Attempt any 2 ques. from this part : 2x12=24
What do you understand by Production
Possibility Curve ? Illustrate it with the help of a
suitable example. elaborate its assumptions ?
What is meant by income inequality ? Distinguish
ranging from personal and functional distribution of
income. Suggest measures to decrease inequality
of income and wealth.
3. Why should equilibrium ranging from marginal cost
and marginal revenue be a necessary condition
for equilibrium of a firm ? discuss with the help
of a diagram.
ECO-6 one P.T.O.
4. (a) Distinguish ranging from price elasticity of
demand and income elasticity of demand.
define the point method of measuring
elasticity of demand.
discuss the importance of elasticity of
demand.
ECO-6 2

Earning:   Approval pending.