DU SOL Question Paper 2018 BA Economics - Principles of Microeconomics

This question paper contains 4
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,1410

B.A. (Prog')/I G-I

ECONOMICS-PaPer I

(Principles of Microeconomics) (A-301)

(ln Lieu of MIL)
Maximum Marks : 100
Time : 3 Hours
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Attempt anY five questions'
carrY equal marks'
'4l/ questions
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choice and opportunity
t. (a) Explain the concept of scarcity'
possibility curve solves
cost. Show how the production
in an economy ?
the problem of allocation of resources

(b) Explain the concept of consumer
surplus' 13J

P.T.O.

(2 ) 4410

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2. GD How are the diminishing marginal utility and negatively
sloped demand curve related ?

(b) What are the main determinants of elasticity of
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(a) Explain the consumer equilibrium with the help of
indifference curve analYsis.

(b) How will you separate the price effect into income effect

and substitution effect with the help of indifference curve

analysis ? 9,1|

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(3 )

returns to factor and
(o) Distinguish between diminishing
diminishing returns to scale'
curve U-shaped ? l0'10
(b) Why is the short-run average cost

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takes place when there are :
Explain how international trade

(a) Absolute cost differences

(b) Also explain the criticism
Comparative cost differences'
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rent with suitable
(a) Explain the concept of economic
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market ? l3'7
(b) What are main features of oligopoly
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P.T,O.

(4 ) 4410

7. (a) Compare the price and output levels under monopoly
and Perfect comPetition.

(b)Explaintheshort-runequilibriumconditionforafirmunder
. monopolistic competition' 10'10

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8.Writeshortnotesonanylwoofthefollowing:10'10
(a) Care for Protection

(b) Pricediscrimination

(c) Public good

(d) Marginal ProductivitY theory'

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