Roll No. Total No. of Pages : 02
Total No. of Questions : 09
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B.Sc.(Business Economics) (BBE) (2015 to 2017) (Sem.-1)
MICROECONOMICS-I
Subject Code : BBE-102
M.Code : 72692
Time : 3 Hrs. Max. Marks : 60
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INSTRUCTIONS TO CANDIDATES :
- SECTION-A is COMPULSORY consisting of TEN questions carrying TWO marks each.
- SECTION-B consists of FOUR Sub-sections : Units-I, II, III & IV.
- Each Sub-section contains TWO questions each, carrying TEN marks each.
- Student has to attempt any ONE question from each Sub-section.
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SECTION-A
- Write note on the following :
- Define micro economics.
- Define utility.
- Define price elasticity of demand.
- What is budget line?
- What is planning curve?
- What are the assumptions of consumer’s equilibrium in case of indifference curve analysis?
- What is marginal cost pricing?
- What are the features of monopolistic competition?
- Distinguish between firm and industry.
- Define quasi-rent.
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SECTION-B
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UNIT-I
- Discuss the law of diminishing marginal utility. What are the main exceptions of the law?
- What are the central problems of an economy?
UNIT-II
- What is the law of demand? What are the main reasons for negative slope of the demand curve?
- Discuss the relationship between average revenue, marginal revenue and total revenue.
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UNIT-III
- Describe short run cost curves with the help of diagrams.
- Explain what are internal and external economies of scale?
UNIT-IV
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- Discuss equilibrium of firm under perfect competition in short run.
- Explain what loanable funds theory of rate of interest is.
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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This download link is referred from the post: PTU B.Sc (BBE) 2020 March Previous Question Papers