Download Goa University BA LLB-5 Years 2017 April 1st Semester Economics I Question Paper

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B.A.L.L.B (SEMESTER I) Examination April 2017.

ECONOMICS I

Total marks: 75

(8 x 8)

Instructions:

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1. Answer any Eight questions from Q.No.1 to 12.
2. Q. No.13 and Q.No.14 are compulsory.
3. Students are advised to incorporate exact question number on answer scripts.

1. Explain Monopoly Power and methods to measure monopoly power
2. Explain theory of Cost in the long run.

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3. Explain the factors determining real wages.
4. Discuss the concept of returns to scale.
5. Explain Quasi rent.
6. Discuss Consumer's budget line.
7. Explain the Demand side of Loanable funds with the help of a neat diagram.

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8. Explain the Law of Diminishing Marginal Utility.
9. Critically evaluate the risks theory of profits.
10. Discuss the central problems of the economy.
11. Write a note on Investment analysis.
12. Elaborate on Market Equilibrium and the shifts in the market equilibrium.

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13. Short Notes Answer any two out of three : (3 x 2)

1. State and explain the 3 degrees of price discrimination.
2. State the properties of Isoquants.
3. What is Oligopoly and Duopoly markets? Explain?

14. Short Notes Answer any two out of three : (2.5x 2)

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1. State the meaning of economics.
2. Write a note on real wages
3. State the types of Welfare.

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