Firstranker's choice
10-4-2015
--- Content provided by FirstRanker.com ---
B.A. LL.B. SEMESTER I EXAMINATION APRIL 2015.
ECONOMICS I: MICRO ECONOMICS
Duration: 3 Hours
Total Marks: 75
Instructions: 1) Answer any eight questions from Q. No. 1 to Q. No. 12 (8x8=64)
--- Content provided by FirstRanker.com ---
2) Q. No. 13 and Q. No. 14 are compulsory.
- Explain economics as the science of wealth.
- Explain with the help of a diagram the expansion and contraction in demand.
- Explain total utility and marginal utility with the help of a diagram.
- Explain with the help of diagrams the Engel's curve for superior and neutral Goods.
- Bring out the difference between consumer's equilibrium & producer's equilibrium
- Explain with the help of a diagram the law of variable proportion.
- Explain the internal & external economies of scale
- Elucidate the features of perfect competition.
- Explain the Classical economist's view on welfare economics
- Explain the Keynesian theory of interest.
- Explain the innovation theory of profits.
- What are the elements of social cost-benefit analysis?
--- Content provided by FirstRanker.com ---
--- Content provided by FirstRanker.com ---
13) Write short notes on any two:
- Factors affecting supply
- Welfare economics
- Iso-cost line
- The net present value method
--- Content provided by FirstRanker.com ---
14) Write a short note on any two:
- Implicit & Explicit cost
- Choice as an economic problem
- Deductive method
--- Content provided by FirstRanker.com ---
--- Content provided by FirstRanker.com ---
This download link is referred from the post: Goa University BA-LLB 5 Years Degree Last 10 Years 2010-2020 Previous Question Papers