Download PTU BBA 2020 Dec 1st Sem 10539 Micro Economics Question Paper

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Roll No.

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Total No. of Pages : 02

Total No. of Questions : 18

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

(Sem.-1)

MICRO ECONOMICS

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Subject Code : BBA-102

M.Code: 10539

Time: 3 Hrs.

Max. Marks : 60

INSTRUCTIONS TO CANDIDATES :

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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.
4. Students have to attempt any ONE question from each Sub-section.

Answer briefly :

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SECTION-A

1. Micro economics
2. Opportunity cost
3. Equilibrium
4. Elasticity of demand

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5. Cardinal utility
6. Marginal revenue
7. Optimal input
8. Monopoly
9. Excess capacity

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10. Oligopolistic

SECTION-B

UNIT-I

1. What do you mean by micro economics? Also discuss its scope.
2. Explain Diminishing Marginal utility concept in detail with help of diagram.

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UNIT-II

1. Define Demand. Also explain determinants of demand.
2. Define Price Elasticity of demand. What are various methods to measure it?

UNIT-III

1. Explain the law of variable proportions. Also explain its stages with help of diagram.

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2. Discuss the internal and external economics of scale in detail.

UNIT-IV

1. Define Market. Also explain various types of markets.
2. "Perfect competition is a myth but monopolistic competition is reality” explain the statement.

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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