Code No: 2011/R19
FACULTY OF ARTS & SOCIAL SCIENCES
B.A. (CBCS) I-Year (I-Semester) Regular Examinations, February/March-2023
Economics-I
(Micro Economics)
Time: 3 Hours Max Marks: 80
SECTION-A (5x4=20 Marks)
Answer any Five questions from the following
1. Price Consumption Curve.
2. Iso cost line.
3. Opportunity Cost.
4. Selling Costs.
5. Profit maximization.
6. Budget line.
7. Cobb-Douglas production Function.
8. Real Cost.
9. Price discrimination.
10. Sales maximization.
SECTION-B (5x12=60 Marks)
Answer all the following questions
11. (a) Explain price, income and substitution effects.
(OR)
(b) Explain the Properties of indifference work.
Contd….2
:: 2 ::
12. (a) Analyse expansion path and economic region of productions.
(OR)
(b) Explain the concept of returns to scale and types of returns to scale.
13. (a) Describe internal and External Economics of scale.
(OR)
(b) Explain total, average and marginal revenue Concepts.
14. (a) Explain the price determination under monopoly.
(OR)
(b) Define monopolistic competition and explain the characteristics of monopolistic
competition market.
15. (a) Explain market share and Growth Maximization theories.
(OR)
(b) Analyse Break-Even Point.