The document is an economics exam from 2005 containing 9 questions. It covers topics like the welfare definition of economics, capitalism, law of diminishing marginal utility, law of variable proportions, Ricardian theory of rent, monopolistic competition, oligopoly, indifference curves, macroeconomics, production functions, economic laws, price discrimination, consumer surplus, and innovation theory of profit.
The document is an economics exam from 2005 containing 9 questions. It covers topics like the welfare definition of economics, capitalism, law of diminishing marginal utility, law of variable proportions, Ricardian theory of rent, monopolistic competition, oligopoly, indifference curves, macroeconomics, production functions, economic laws, price discrimination, consumer surplus, and innovation theory of profit.
The document is an economics exam from 2005 containing 9 questions. It covers topics like the welfare definition of economics, capitalism, law of diminishing marginal utility, law of variable proportions, Ricardian theory of rent, monopolistic competition, oligopoly, indifference curves, macroeconomics, production functions, economic laws, price discrimination, consumer surplus, and innovation theory of profit.
The document is an economics exam from 2005 containing 9 questions. It covers topics like the welfare definition of economics, capitalism, law of diminishing marginal utility, law of variable proportions, Ricardian theory of rent, monopolistic competition, oligopoly, indifference curves, macroeconomics, production functions, economic laws, price discrimination, consumer surplus, and innovation theory of profit.
Q. No. 4. Explain the law of variable proportions. Marks : 16
¨ÜÇÝWÜáÊÜ ±ÜÅÊÜÞOÝ®ÜáWÜá| ¯¿áÊÜáÊÜ®Üá° ËÊÜÄÔ. Q. No. 5. Critically examine the Ricardian theory of Rent. Marks : 16 ÄPÝvæãìàÃÜÊÜÃÜ Wæà~ Ô¨ÝíñÜÊÜ®Üá° ËÊÜáÍÝìñܾPÜÊÝX ËÊÜÄÔÄ.
Q. No. 6. Write notes on the following. Marks : 8×2=16
PæÙÜX®ÜÊÜâWÜÙÜ WæY q±Ü³~ ÃæÀáÄ. (a) Features of monopolistic competition HPÜÓÝÌÊÜá¿ááñÜ ±æç±æäàq¿á ÆPÜÒ|WÜÙÜá (b) Features of oligopoly. PæÆg®Ü ÓÝÌÊÜá嬆 ÆPÜÒ|WÜÙÜá. P.T.O. 2005 -2- *2005*
Q. No. 7. What is an indifference curve ? Explain the consumer’s equilibrium
with the help of an indifference curve. Marks : 16 E±æàQÒñÜ ÃæàTæ Gí¨ÜÃàæ ®Üá ? C¨ÜÃÜ ÊÜáãÆPÜ A®Üá»æãàX¿áá ÓÜÊáÜ ñæãàÆ®Ü樆 áÜ ° ÖæàWæ ±Üvæ¿ááñݤ®æíá¨Ü®Üá° ËÊÜÄÔÄ.
Q. No. 8. Explain any 2 of the following. Marks : 8×2=16
(a) Macro economics ÓÜÊÜáWÜÅ A¥ÜìÍÝÓÜ÷ (b) Production function Eñݳ¨Ü®Ý ¹íPÜ (c) Economic laws A¥ÜìÍÝÓÜ÷¨Ü ¯¿áÊÜáWÜÙÜá.
Q. No. 9. Write short notes on any 2 of the following. Marks : 10×2= 20
(a) Price discrimination ¸æÇæ ñÝÃÜñÜÊÜá (b) Consumer’s surplus A®Üá»æãàX¿á APÜñÜ겤 (c) Innovation theory of profit. ÇÝ»Ü¨Ü BËÐÝRÃÜ Ô¨ÝíñÜ.
III/IV Semester 5 Year B.A., LL.B. (Major - Minor) Examination, June/July 2016 Major III / Minor II: Paper - 3: ECONOMICS Economic Theory and Public Finance