Download PTU BBA 2020 March 1st Sem 10539 Microeconomics Question Paper

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Roll No. ____________________ Total No. of Pages : 02

Total No. of Questions: 09

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BBA (2014 to 2017)/B.SIM/BRDM (2014 & Onwards)

(Sem.-1)

MICROECONOMICS

Subject Code: BBA-102

M.Code : 10539

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Time : 3 Hrs. Max. Marks : 60

INSTRUCTION TO CANDIDATES :

1. SECTION-A is COMPULSORY consisting of TEN questions carrying TWO marks each.
2. SECTION-B consists of FOUR Sub-sections : Units-I, II, III & IV.
3. Each Sub-section contains TWO questions each, carrying TEN marks each.

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4. Student has to attempt any ONE question from each Sub-section.

SECTION-A

1. Answer briefly :

   1. Characteristics of Micro Economics
   2. Opportunity Cost

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   3. Budget line
   4. Cross Elasticity of Demand
   5. Marginal Revenue
   6. Optimum size
   7. Economic Efficiency

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   8. Selling cost
   9. Quasi rent
   10. Reserve capacity

SECTION-B

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UNIT-I

2. Explain law of diminishing marginal utility with relevant examples.
3. Demonstrate consumer equilibrium using indifference curve approach of consumer behaviour.

UNIT-II

4. Discuss types and degrees of elasticity of demand in detail.

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5. Show the relationship between average revenue, marginal revenue and elasticity of demand.

UNIT-III

6. Explain traditional theory of cost and highlight its importance in cost decisions.
7. Give a detailed outline of the process of taking production decisions under short run.

UNIT-IV

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8. What do you mean by price discrimination? Also explain its types and degrees.
9. Critically appraise loanable funds theory of interest rate in detail.

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.