DU SOL BA Programme 1st Year Economic Question Paper 2018 A-117 G-II

This question paper contains 4 printeC" pages]

Your Roll No.

4467

B.A. (Prog.)/I Gll

ECONOMICS-PaPer I

(Principles of Micro-economics) (A- I I 7)

Maximum Marl<s : 100
Time: 3 Hours

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Attempt anY Five questions'

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P.T.O.

(2 ) 4467

(a) Define production possibility curve. How does
technological progress effect the production possibility

curve ?

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(b) Using diagrams explain change in demand and change in
quantity demanded. t2,8

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Using average method calculate the price elasticity of X
commodify when price of X commodity increases from Rs. 16

to Rs. 24 and quantity demand decreases from 20 units to
14 units. 9,1I

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Define indifference curve. Break up price effect into substitution

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(3) M1

of isoquants ?
(a) What are the major properties

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between AFC' AVC'
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(b) Explain the relationship
8'12
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equilibrium of
shofi-run and long-run
Define monopoly' Explain
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a monoPolY firm'
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of the firm
Prove that MC curve
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(a)
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9,11
(b) Explain the Nash equilibrium'

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Can economic rent !e
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'7. (a) Define economic rent'
ExPlain.

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of market failure 'l 12'8
(b) What are the major sources

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P.T.O'

(4) 4467

8. Write short notes on any rwo oi the following : 10,10

(a) Comparative cost advantages

(b) Law of diminishing marginal utility

(c) Excess capacity

@ Allocative efficiency and productive efficiency.

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4467 12,500