DU SOL Question Paper 2018 B.Com (Hons.) Micro - Economic Theory and Applications - II

[This question paper contains 8 printed Pages.l

597 Your Roll No.

B.Com. (Hons.) / II

Paper Code : B-103

Paper X - MICRO-ECONOMIC THEORY
AND APPLICATIONS _ II
:

Time: 3 Hours Maximum Marks: 55

(Write your Roll No. on the top immediately
an ;'ec;eipt af this question peper.) '

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Note :- The msximum marks printed on the question paper
are applicable for the students of the regular colleges
(Cat. A). These marks will, however, be scaled up
proportionately in respect of the students of SOL at
the time oJ' posting of awards J'or compilation of
result.

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P.T.O.

597 2

Note ,- Answers may be written either in Engtish or in Hindi; but
the same medium should be used throughout the paper.

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Attempt tll questians.
The marks carcied by each part of
every question are indicated against the same.

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1. (a) How does a multi-plant monopolist determine his/her
profit mrximizing output and its allocation among the
plants ? 6/,)
OR

Explain the monopolist's equilibr:ium in the short run.

(b) What is dead weight loss ? How does it show the
inefficiency in monopoly ? (syr)

OR

What are the various types of monopoly and what are
the causes. resulting in the creation of monopolies.

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2. (a) What is collusive oiigopoly?
the success of the OPEC
a 'liagram the reasons for 6k)
model.
oR. '

market theory postulate
?
What does the contestable
Model
firms under Stackelberg's
(b) Calculate output of two output
presuming tliat there are
two firms which produce
The market demand curve
under zero cost of production'
is total output' (5Y')
is given ty f=l0iQ' where Q
P.T.o.

597 4

OR

How does a dominant firm set 1[e price under oligopoly
market structures ?

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3. (a) Critically examine the marginal productivity theory of
distribution. 6Y')

OR

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firm with labour as
the
demand curve of I

Derive the supply
variablt: factor' Also show the individual
only
curve of labour'
show the difference
the help of a suitable diagrams
0) With expioitation of
monopolistic and totopto"istic
between (5Yz)
'labour'

OR

the nature of supply curve
What is monopsony ? Explain
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597 6

4. (a) Write do you mean by the fcllowing terms :-

(i) Present Value cf bond (sy,)

(ii) Effective Yield on bond

OR

A company invests 1,00,000 in a machine that will yield
an income stream of 6,000 per year for the next eight
years. If the future incomes are discounted at a rate of
8 percent per annum. Find whether the investment is
profitable assuming zero scrap value.

(b) Explain what you mean by uncerrainty. What are the
various types of risks ? (5%)

OR

What is monopolistic competition ? Expliin long run
equilibrium of a firm under monopolistic competition.

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5. (a) What is general equilibrium
model' (5Yz)
of the Zxzx| generai eqr:ilibrium

OR

the etficiency in exchange
Using Edgeworth Box show
of two goods between two consumers'

(b) What are externalities ?
Write about the role of
failure' $yt)
externalities in causing market

OR
P.T.O.

597 8

Write short notes on :-

(i) Market Signalling
(ii) Moral Hazard

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