Micro Economics, Question Paper of B.Com 1st Semester,Download Previous Years Question Paper 1

aRoll  NO…………………….                                               

B.com. ( Sem. – 1 ^st)

MICRO ECONOMICS

 Subject Code : BCOP – 103 ( 2011 & onwards)

Paper ID : [B1103]

Time : 3 Hrs                                                                Max. Marks : 60

INSTRUCTION TO CANDIDATES :

1.      SECTION – A is COMPULSORY consisting of TEN questions carrying  Two marks each.

2.     SECTION-B containing SIX questions carrying TEN marks each and students has to attempt any FOUR questions.

SECTION-A

1.     Write briefly :

(a)  Difference between micro economics and micro economics .

(b)   Define  Indifference Curve.

(c)    Define Cross Elasticity of Demand.

(d)   What is Expansion Path?

(e)    What do you mean by Diseconomies of Scale?

(f)     What is Real Cost?

(g)    What is selling cost under Monopolistic Competition?

(h)   Discus the degrees of price discrimination of Monopoly.

(i)      Define Oligopoly market structure.

(j)     Define Quasi Rent.

SECTION – B

2.     Discuss the nature and scope of Economics.

3.      Explain in detail Law of Diminishing Marginal utility and consumer’s  equilibrium with the help of this law.

4.     Explain Producer’s equilibrium when only two factors of production are variable.

5.     What  is discuss short  run  and  long  run  equilibrium  of  monopoly.

6What do you mean by Factors Pricing? Explain the classical theory of wage determination.

7Define concept of Interest. Discus the Loanable Funds theory of Interest.