BBA (Sem. - 1st) MICRO ECONOMICS (BB - 103) Paper ID [BB103]

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Total No. of Questions : 07 j                                                                                    [Total No. of Pages : 01

Paper ID [BB103]

(Please fill this Paper ID in OMR Sheet)

BBA (Sem. - 1^st) MICRO ECONOMICS (BB - 103)

Time : 03 Honrs                                                                                                         Maximum Marks : 60

Instruction! to Candidates:

1)    Section - A is Compulsory.

2)       Attempt any Four questions from Section - B.

Section - A

QI)                                                                                                                                                        (10 x * = 20)

a)        Define implicit cost.

b)       Define monopolistic competition.

c)        Explain the term market demand curve.

d)       Explain the relation between total utility and marginal             utility.

e)        What is indifference curve. f) Write five main points of importance of elasticity of demand. g) Write short nolo on production function. h) Why short run cost curve is U shaped? i) Under what conditions can a monopoly firm attain equilibrium. Explain oligopoly.

Section - B

(4 x 10 = 40)

02)   Discuss the properties of indifference curve.

Q3)  Explain the condition of perfect competition. How is the price determined under the conditions of perfect competition.

Q4) Explain the law of equimarginal utility.

Q5)  What is demand curve? Why does the demand curve slope down to the right? Are there any. exceptions to it?

Q6)  Discuss the uses of microeconomics.

Q7)  What is the elasticity of demand? How it is measured?

R-626 12058]

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