VNSGU BA 2019 1st Year 1901000102040071 Economics Paper 3 Question Paper

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Instructions:

1. Fill up strictly the details of signs on your answer book.

Name of the Examination: First Year B.A. (Sem.-II)
Name of the Subject: Economics Paper - 3

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1. Answer all questions as per instructions.
2. Figures to the right indicate full marks.

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1. Answer the following questions briefly.
   1. What is average revenue and marginal revenue?

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   2. State the Characteristics of perfect competition.
   3. Give the definition of price leadership.
   4. State the meaning of differential rent.
   5. Give the reasons of wage difference in same occupation.

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2. What are internal and external economics? Discuss in details the economics of and diseconomics of scale:
   OR
   Discuss in details the law of Variable Proportions.
3. What is price discrimination? Explain its types, Discuss the necessary conditions of price discrimination.
   OR
   

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   (A) Explain the Characteristics of monopolistic Competition.
   (B) Explain the Innovation Theory of profit.
4. Write short note (any two)
   1. Long run average cost Curve.
   2. Product differentiation.
   3. Kinked demand curve.

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   4. Reasons for wages difference in different occupation.

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