Download PTU (I.K. Gujral Punjab Technical University Jalandhar (IKGPTU) B.Sc-Agriculture 2020 March Previous Question Papers
Roll No. Total No. of Pages : 02
Total No. of Questions : 09
B.SC (Agriculture) (Sem.?7)
MICRO ECONOMIC ANALYSIS
Subject Code : BSAG-AEB-704
M.Code : 75693
Time : 3 Hrs. 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.
SECTION-A
Q1. Write briefly :
a) Discuss the importance of microeconomics in our daily life.
b) Briefly explain the term demand curve.
c) Discuss any four properties of Indifference curve.
d) Explain cardinal and ordinal utility.
e) Difference between firm and industry.
f) Show how does demand curve (AR curve) slope in monopoly?
g) Briefly explain the terms average cost and marginal cost.
h) Define market price and normal price.
i) What do you mean by a long run?
j) Write a brief note on monopoly power.
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1 | M-75693 (S104)-2447
Roll No. Total No. of Pages : 02
Total No. of Questions : 09
B.SC (Agriculture) (Sem.?7)
MICRO ECONOMIC ANALYSIS
Subject Code : BSAG-AEB-704
M.Code : 75693
Time : 3 Hrs. 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.
SECTION-A
Q1. Write briefly :
a) Discuss the importance of microeconomics in our daily life.
b) Briefly explain the term demand curve.
c) Discuss any four properties of Indifference curve.
d) Explain cardinal and ordinal utility.
e) Difference between firm and industry.
f) Show how does demand curve (AR curve) slope in monopoly?
g) Briefly explain the terms average cost and marginal cost.
h) Define market price and normal price.
i) What do you mean by a long run?
j) Write a brief note on monopoly power.
2 | M-75693 (S104)-2447
SECTION-B
Q2. Explain in detail the concept of microeconomics. Discuss in detail the nature and scope
of microeconomics.
Q3. ?The factors of production are resources that are the building blocks of the economy?. In
support of this statement discuss in detail the different factors of production.
Q4. Discuss in detail the modern theory of wages in detail.
Q5. ?At the equilibrium point, the firm earns maximum profits.? Comment and discuss the
equilibrium of the firm in short period in perfect competition.
Q6. Write a detailed note on ?optimization of inputs use and product combinations with
respect to theory of producer behavior.?
SECTION-C
Q7. ?Marginal utility quantifies the added satisfaction that a consumer garners from
consuming additional units of goods or services.? Comment and elucidiate in detail
marginal utility analysis.
Q8. Elucidate in detail the determination of price and output under monopolistic competition.
Q9. Discuss in detail the different theories for determination of profit.
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 post was last modified on 02 April 2020