Download PTU B.Sc Agriculture 2019 May 7th Semester 75693 MICRO ECONOMICS ANALYSIS Question Paper

Roll No.

Total No. of Questions : 09

Total No. of Pages : 02

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B.SC (Agriculture) (2014 & Onwards) (Sem.-7)

MICRO ECONOMICS ANALYSIS

Subject Code : BSAG-AEB-704

M.Code: 75693

Time: 3 Hrs.

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Max. Marks : 90

INSTRUCTIONS TO CANDIDATES :

1. SECTION-A is COMPULSORY consisting of TEN questions carrying THREE marks each.
2. SECTION-B contains FIVE questions carrying SEVEN AND A HALF (7.5) marks each and students have to attempt any FOUR questions.
3. SECTION-C contains THREE questions carrying FIFTEEN marks each and students have to attempt any TWO questions.

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SECTION-A

1. Write briefly :

   1. Define Micro Economics.
   2. What is Consumer's Equilibrium?
   3. Differentiate between firm and industry.

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   4. What is Break-even point?
   5. Define Total Revenue.
   6. What are the features of a monopoly market?
   7. Distinguish between Explicit and Implicit Costs.
   8. What is Production Function?

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   9. What is Net interest? How it is different from Gross Interest?
   10. How do risks and uncertainties lead to profit?

SECTION-B

2. What is an Indifference Curve? What are various properties of indifference curve?

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3. Why does demand curve slope downward from left to right?
4. Explain features of Labour as a factor of production.
5. Explain the conditions of equilibrium of firm under monopoly market.
6. Describe the main assumptions of Ricardian theory of Rent.

SECTION-C

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7. Critically explain Classical Theory of Interest.
8. Explain how are price and output determined under Perfect Competition.
9. Describe the law of Diminishing returns. Why is the law known as the law of Increasing Costs?

NOTE : Disclosure of Identity by writing Mobile No. or Making of passing request on any page of Answer Sheet will lead to UMC against the Student.

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