Uttarakhand Technical University 2010-2nd Year B.Com . Economic Theory - Question Paper

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Univesity Name: Uttarkhand University
Paper name: Economic Theory
Academic Year: 2010
Courses: B.COM.(Second) Year exam


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B.COM.(Second Year) Examination 2010 ECO- 06 (Elective Course/ ,fPwd iio;de) Economic Theory vaJ"iiL= d f1)|ur Time: 3 Hours le; : 3 Section -A Hiix d

Attempt the following questions.

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1.    Distinguish between any two of the following :    (3¹/2x2=7)

fU*ufyf[ir e l fdugh d" e VTj LiV dhft, :

(a)    Rent and Quasi Rent.

(b)    Direct demand and Derived demand.

(c)    Joint product and By-Product.

(d)    Fixed and variable cost.

(v) yxu ,0 vem yxiui (c) eix ch eix i (i) igor mere ,0 me-mmoi (c) fLFfj    ymri

2.    Write short notes on any two of the following :    (3/x2=7) fU+ufyRsia e l fdugf d ij i({iⁱr (V.I fyRsi, l

(a)    Opportunity cost.

(b)    Concept of Consumer Surplus.

(c)    Average cost and Marginal cost.

(d)    Isoquants.

(v) voij yrnri

(c)    dt cpr dt vo/iN.ni i

(i) Vir Hhm yrnri (n) in'lciin od i

Section -B HTTX [

Attempt any three questions. All questions carry equal marks.    (7x3=21)

fdt rtu i"UT d mrj nft,i iTt iU d Vd ieu ti

1.    What are the salient features of the mixed economy? How is it different from Capitalism and Socialism?

ffr vFicxoLFTT dt gs; OVidi, w t ? iton ,0 ihmok l ;t fdi

idTj fFU t ?

2.    Critically examine the Law of Diminishing Marginal Utility. Discuss its importance and limitations.

HhiuT fXri fU;e dT vidlPUirHd iffe-m dtft, i bid etRo ,0 1wT dt c;i[;i dtft, i

3.    Define the concept of indifference curves and explain their properties.

rvLFrrT odT dt vo/tr.tt dr    dtft, m budt f0"rwTvT dr ie>ib; i

4.    Explain with the help of appropriate diagrams the law of variable proportion. fr jf=T dt    l forR"Thy vWT d fU;e dt dtft, i

5.    How will equilibrium be determined under discriminating monopoly with two markets? Is monopoly inefficient and wasteful? Explain.

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6.    What is perfect competition? How is price and output of a firm determined under perfect competition?

i.T ffrT w t ? i.T ifT;1 fXri d vrXr ,d oX dT gY; ,0 minu fdi idTj fU/fr trrT t ?

7.    Critically examine the marginal productivity theory of distribution. How far modern theory of distribution is an improvement on it? Explain.

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8.    Rent is a differential surplus. Examine critically this statement and explain the modern theory of Rent.

"yXTU ,d HinirHd CPT t" i bi dFTU dt c;|[;i dtft, VTj yXTU d VTfd fi)|ur dt ie>ib; i

2

Attachment: uttarakhand-technical-university-2010-b-com-6907-1.pdf

Earning:   Approval pending.