Micro Economics, Question Paper of B.Com 1st Semester,Download Previous Years Question Paper 3

Roll No. …………..

Total No. of Questions: 07]

B. COM ( Sem. – 1^st )

MICRO ECONOMICS

SUBJECT CODE: BCOP – 103 ( 2011 Batch)

Paper ID  : [ B1103]

Time: 03 Hours                                                                                Maximum Marks : 60

Instruction  to Candidates:

1)     Section – A Is Compulsory.

2)    Attempt any Four   questions from Section –B.

Section – A

Q1)

a)     Average revenue.

b)    Oligopoly.

c)     Selling costs.

d)    Average variable cost.

e)     Highly elastic demand.

f)      Marginal unity.

g)     Economies of sale.

h)    Kinked demand curve.

i)       Quasi rent.

j)       Price leadership.

Section – B

          Q2)   Discus the properties of indifference curve.

          Q3)   How can elasticity of demand be measured? What are the determinants of elasticity of                                  

demand?

Q4)   Discus the various type of coasts. Why are long run cost curves flatter than the short run cost curves?

Q5)   What is price discrimination? How are price and output determined under discrimination monopoly?

Q6)   How is equilibrium of a film determined in the short in the short run.

Q7)   Discus & difference between the ricardian and modern theories of rent.